Honestly I find it kind of suspicious but I could easily be missing something. I see multiple transactions spend more on fees than the amount exchanged in the transaction. A number of transactions looked enormous but turned out to be some form of washing. E.g address X sends $100MM worth of bitcoin to two addresses, with ~$1k going to address Y and the rest going right back to address X.
What’s the point? Why not just send $1k to address Y.
I originally started looking around to get a sense for how much bitcoin is being transacted relative to the block reward. As the halvings continue I can’t imagine how miners can profit without exorbitant transaction fees. Many of the transaction fees in the block I looked at were comparable to wire transfer fees.
Why would anybody want to use bitcoin outside of speculation after nearly all 21mm bitcoin are mined? Why would anybody want to continue mining as well?