Michael Saylor: Bitcoin on‑chain fees remain low after a decade, blocksize fears unfounded
Michael Saylor, founder of MicroStrategy (referred to as Strategy in the source), posted on X that despite bank holidays Bitcoin can still settle transfers of any size to anywhere in minutes with on‑chain fees around $0.44 (≈1 sat/vB). He argued this outcome contradicts earlier ’blocksize wars’ fears about Bitcoin’s scalability, noting that over a decade later on‑chain transaction costs remain low and network bandwidth is sufficient. Saylor used the observation to suggest market mechanisms and technical innovation have addressed systemic scalability concerns more effectively than regulatory or administrative interventions. The post underscores Bitcoin’s current resilience in payments and cost efficiency, without providing investment advice.
Neutral
This announcement is primarily informational and reinforces an existing narrative about Bitcoin’s durability and low on‑chain costs. It is unlikely to trigger large directional moves by itself: no new protocol change, adoption milestone, or regulatory shift was announced. Traders may view it as supportive for Bitcoin sentiment — reaffirming payment viability and lowering long‑term structural risk — which is mildly bullish. However, because it’s a commentary from a prominent pro‑Bitcoin figure rather than market‑moving news (e.g., exchange listings, ETF approvals, major on‑chain upgrades), the immediate impact should be limited. Historically, similar affirmations about Bitcoin fundamentals (low fees, reliability) bolster confidence gradually rather than spark short‑term rallies. Short‑term: possible modest positive sentiment for BTC, especially among retail; volatility likely unchanged. Long‑term: contributes to narrative that Bitcoin remains a viable settlement layer, which can support gradual demand from payments, custody and institutional narratives.