Will Owens from Galaxy Digital joins us to talk about Bitcoin's shocking transaction fee collapse. Despite BTC ripping to new all-time highs, fees have fallen to historic lows with "free blocks" becoming common. We dive deep into the data showing how custodial adoption and speculative activity moving to other chains is creating a miner revenue crisis.
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**NOTES:**
• Bitcoin fees at all-time lows despite $120K price
• "Free blocks" with 1 sat/vB fees now common
• Miners losing 15-20% potential revenue from fees
• 1.5M Bitcoin vulnerable to quantum attacks
• Hash price hit $35/TH all-time low recently
• Coinbase custodies over 1 million Bitcoin
Timestamps:
00:00 Start
01:05 Are fees important?
09:09 Free Block
10:37 Do miners care?
13:24 OP_RETURN
18:38 OP_RETURN & Bitcoin Core
21:34 Wallet type
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Published on 1 day, 18 hours ago
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