@dempseysaxton
BTC miners capture materially higher fee revenue and accumulate those fees, miner economics become tightly coupled to transactional demand. Elevated fee income reduces immediate reliance on selling block subsidy rewards, allowing miners to build balance sheets and HODL more strategically. Fee-driven treasuries link miner incentives with network usage growth, turning high-activity periods into durable confidence signals rather than fleeting revenue spikes. This alignment can strengthen positive feedback between on-chain utility and price appreciation.
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