I was surprised too when I checked the transaction fees, they’re really cheap these days (
checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.
Congestion or heavy transactions like BRC20 tokens make the fees expensive than ever before.
If you look at the current Bitcoin transaction fee, it's 18 sat/vB for High Priority compared to a while ago, 18 sat/vB is still high because back then the transaction fee was below 10 sat/vB.
Up until now, the fees for moving Bitcoin have been very low and this is different from the others. Using Bitcoin is not complicated. It's fast and easy.
Just think of the fact that even if you use the tx fee for high priority, it is still very small as compared to the amount you will use if you will have cross-border payments using WU and depositing good amount of money. Now, if people who regularly send money to their relatives or family learned this route, for sure, they will appreciate this market.