Bitcoin Rate Limit?

Daily transactions dropped dramatically in Dec, 2024, unusual in light of hype from the media and Trump about a "Strategic Bitcoin Reserve". After 18 months of 1-5% expired transactions, the mempool finally recovered and runs normally again.

The zoom-out view looks like maybe a rate limiter is in place now which kicks in around 500k-550k, which is Bitcoin's empirical limit. Hmmmm.

I expect three or four more States to enact digital asset bills out of the 25 remaining bills and we'll see if that pops the transaction rate over 550k. I predict it won't. You should be wondering why, like me.

You gotta wonder how many "bitcoin holders" are being directed to ETFs instead of Bitcoin, like buying paper gold instead of physical gold.