The shock effect of the bitcoin price of $ 1,000,000

Hello. I decided to share my thoughts on the shock effect of the $ 1,000,000 Bitcoin price.

Now the price of bitcoin is about $ 60,000 and the average transaction fee is about $ 18 (please see the diagram)

When the price reaches $ 1,000,000, the average transaction fee will be $300.
This will lead to:

• Users of wallets with amounts less than $ 1000 will not use them, because the commission will be more than 30% of the amount
• The minimum transaction amount with a competitive transaction fee of 3% will be from $ 10,000.
• Bitcoin will lose its function as a means of payment and will only serve for savings.

Vote for this post and write in the comments, which is interesting to read next time:

1. Will the Bitcoin price reach $ 1,000,000?
2. What determines the price of bitcoin the most?
3. How will the price of bitcoin change in the future?
4. The same analysis for altcoins;
5. My opinion on the development of the cryptocurrency market.