@yolandagi05
The Bitcoin halving cycle often dominates narratives, but what’s often overlooked is the growing role of transaction fees in miner incentives. As block rewards diminish, the security of the Bitcoin network will increasingly depend on robust fee markets. Layer-2 adoption, like Lightning and rollups anchored to Bitcoin, could either cannibalize or amplify this trend. If Bitcoin evolves into a true settlement layer for high-value transactions, fee markets could stabilize long-term security. This dynamic is crucial for institutional confidence, as no investor wants exposure to an asset whose network lacks sustainable incentives.