Post
Topic
Board Bitcoin Discussion
Re: Is the high fee affecting the rate of adoption of Bitcoin?
by
Queentoshi
on 05/01/2024, 19:58:55 UTC
With the recent spike in Bitcoin transaction fee, it's evident that these fluctuations are significantly impacting the adoption rate of Bitcoin.
Bitcoins has widely been advertised as an asset to invest in, that is to buy and keep and that is what is attracting many people to it as investors. Many of these investors do not yet see Bitcoin as a currency to transact with daily so they are not worried or have to be bothered about the high transaction fees that will be a big discouragement to people who use bitcoins as currency right now. Adoption of bitcoins is still happening and will keep happenning as more seek for what to invest in, and the best investments to have asides properties (real estate).