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

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

This will change the concept of actual value of a block from its financial value (cost + subsidy) towards a more scarce and limited resource considering several companies and high-value individuals and offices will need access to it for key transactions. This situation would stabilize revenues for Bitcoin mining companies; within 15 years these firms would benefit from transaction fees rather than subsidies. Bob Burnett stated that as Bitcoin becomes crucial for corporations and nation-states, the value of bitcoin's block space will be seen as an indispensable scarce commodity.