CZ: Bitcoin is now more inclined to be a store of value rather than a medium of exchange

BlockBeats News, February 16th, Binance founder CZ, in response to user @BitImmortal's question about "BTC on-chain transactions not yet reaching 2021 levels, does this mean a large-scale bull market," stated: "My intuition is that due to high fees and long block times, BTC now resembles more of a reserve asset rather than a medium of exchange. Much of the new money is flowing into ETFs, which do not reflect in on-chain transactions. However, my view could also be wrong."