This week, the average Bitcoin transaction fee fell to its lowest level since 2011, at 0.00000695 BTC. Similarly, the average Bitcoin transaction fee in USD fell to its lowest level since 2020, at $0.37.

Additionally, the Fee-to-Block Reward Ratio fell to 0.012, its lowest level in a year.

This, along with the Bitcoin block reward halving every four years or so, highlights the need for a serious discussion about the future of the Bitcoin community and its security budget.