Michael Saylor: Bitcoin Block Space Scarcity Fears Dissipate as Global Transfers Remain Low Fee

BlockBeats News, July 9th, Strategy founder Michael Saylor published a post stating that after ten years of concerns about the limited space in the blockchain and controversies surrounding non-monetary use cases, Bitcoin still does not have a so-called "spam transaction problem." Currently, the Bitcoin network fee is about 1 sat/vB, and anyone can securely transfer any amount of Bitcoin globally at a cost of about $0.3. The free market mechanism has been continuously addressing the challenges faced by the Bitcoin blockchain space.