Bitcoin Can Send ‘Any Amount’ Of Money Anywhere On Earth In Minutes On A Bank Holiday, Says Michael Saylor — Critics Aren’t Buying It

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Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor touted on Monday Bitcoin’s (CRYPTO: BTC) ability to enable fast and cheap global transfers even on bank holidays like Presidents’ Day.

Saylor Champions Bitcoin’S 24/7 Operation

Saylor highlighted Bitcoin’s fee estimator on X, with a fee rate of 1 satoshi per virtual byte for instant settlements during periods of low congestion. One satoshi is the smallest unit of Bitcoin, equal to 0.00000001 BTC. At the time of writing, its value was about $0.00068.

Lightning transactions also include a variable fee component applied to the payment amount. In the given scenario, it was shown to be 0.0003%.

The screenshot posted by Saylor didn’t show…