Bitcoin Blockspace: The New Scarcity Crisis
Capitality Research

Dispatched to subscribers on 20 Apr 2026.Public release scheduled for 27 Apr 2026.
The launch of the Runes protocol has ignited an unprecedented battle for finite Bitcoin blockspace, pushing transaction fees to all-time highs. This new reality confirms that the network's most valuable asset is its limited capacity, reshaping the investment case for Bitcoin itself.
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This analysis is currently locked. It will be released to the public on 27 April 2026.
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