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Bitcoin Shifts Towards Smaller Value Transactions

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The Bitcoin network is shifting towards smaller value transactions, and this trend aligns with Satoshi Nakamoto's original vision for the cryptocurrency. In his concept, Bitcoin was meant to be a daily use currency, not just a store of value.

CryptoQuant founder Ki Young Ju has noticed this shift in transaction patterns. He focused on analyzing peer-to-peer (P2P) transactions that could be classified as smaller value payments.

According to data from the past three years, the median transaction fees for Bitcoin and Ethereum have shown a surprising trend. From 2021 onwards, Bitcoin's average transaction fees have been lower than those of Ethereum, contrary to popular belief.

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