Video Transcript:

this Bitcoin bull cycle if you are not keeping track of the amount of Bitcoin fees per block then you’re doing something wrong now fees aren’t the only thing in a block it’s the new supply of Bitcoin as well we call this subsidy and subsidy has been hardcoded into Bitcoin software that every four years the new amount of Bitcoin per block is cut in half until all 21 million is mined now where does that leave us with fees well fees are great they measure the adoption and the demand for space in these blocks but if you’re on the consumer side of Bitcoin paying to store your transactions in these blocks you’re going to pay more on the mining side we’re going to earn more and the problem for the mining side is this subsidy is that 3.125 Bitcoin guaranteed per block but transaction fees are variable so they fluctuate so in the bull market great in the bare Market we’ll see