Michael Saylor: Over a decade later, Bitcoin on-chain fees remain low, and concerns about block capacity have proven unfounded

The founder of Bitcoin Strategy, Michael Saylor, posted on the X platform stating that during bank holidays, Bitcoin can still transfer any amount to any location in the world within minutes, with transaction fees of about $0.44 (approximately 1 sat/vB).

During the previous "Blocksize Wars" period, there were widespread concerns in the market that Bitcoin would face a scalability crisis. However, more than a decade later, Bitcoin's on-chain transaction fees remain low, and network bandwidth resources are abundant. This outcome once again demonstrates that market mechanisms and technological innovations are often more effective in addressing systemic challenges than administrative emergency interventions.