Barefoot Mining CEO: Bitcoin block space will be "financialized" in the next 15 years

ChainCatcher news, the CEO of the Bitcoin mining company Barefoot Mining, Bob Burnett, stated that as Bitcoin becomes increasingly prevalent in the global economy, the demand for access to block space at certain times and dates will rise. This demand will give rise to a block space futures market, where mining companies will offer their product (block space) to bidders who need access to the Bitcoin network for transactions.

This will change the concept of the actual value of blocks, shifting from its financial value (fees + subsidies) to a more scarce and limited resource, considering that several companies and high-value individuals and offices will need access to it to complete critical transactions. This situation will stabilize the revenue of Bitcoin mining companies, which will benefit from transaction fees rather than subsidies over the next 15 years.

Bob Burnett stated that as Bitcoin becomes essential for companies and nation-states, the value of Bitcoin block space will be regarded as an indispensable scarce commodity.