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Bitcoin Transaction Cost Plummets After Every 4 Years, Is there A Reason?

The recent observation by these experts points towards a transaction cost reduction every four years.
For example, the cost for one Bitcoin transaction was reduced to $56.846 on Thursday, July 14.
This reduction indicates a four-year cycle of cost reduction on the network.
Bitcoin Data Shows A Predictive PatternAccording to available data on cost movement, July 2022 saw a drop in transaction cost by more than 81%.
The factors leading to such a spike in transaction costs was the reduction in on-chain transaction and a prolonged bear market.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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