Michael Saylor: Over a decade later, Bitcoin on-chain fees remain low, dispelling concerns over "block capacity"

PANews reported on February 17 that Michael Saylor, founder of the bitcoin treasury company Strategy, posted on X stating that during bank holidays, bitcoin can still be transferred to any location worldwide within minutes, with transaction fees of approximately $0.44 (about 1 sat/vB). During the previous "Blocksize Wars" period, the market was widely concerned that bitcoin would face a scalability crisis. However, more than a decade later, on-chain transaction fees for bitcoin remain low and network bandwidth resources are sufficient. This outcome once again demonstrates that market mechanisms and technological innovation are often more effective in addressing systemic challenges than administrative emergency interventions.