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Don't like the high Bitcoin fees? Well, just wait until the price hits $100k, $500k, $1M. It's only going to get worse. And this actually HAS to happen... Every 210,000 blocks, miners get a smaller block reward. Eventually, there will be ZERO coins rewarded to mine blocks. At this point, their only incentive to support the network will be the TX fees. As new people continue to adopt Bitcoin the network will become more congested. Eventually, it will become unfeasible for most people to move Bitcoin on layer 1. It's possible that most people won't use it at all. This is why layer 2 development is so important. Also, learn how to manage your UTXOs sooner rather than later. #Bitcoin #BTC #Bitcoinfees

Don't like the high Bitcoin fees?

Well, just wait until the price hits $100k, $500k, $1M.

It's only going to get worse.

And this actually HAS to happen...

Every 210,000 blocks, miners get a smaller block reward.

Eventually, there will be ZERO coins rewarded to mine blocks.

At this point, their only incentive to support the network will be the TX fees.

As new people continue to adopt Bitcoin the network will become more congested.

Eventually, it will become unfeasible for most people to move Bitcoin on layer 1.

It's possible that most people won't use it at all.

This is why layer 2 development is so important.

Also, learn how to manage your UTXOs sooner rather than later.

#Bitcoin #BTC #Bitcoinfees

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