I remember myself talking about this "fees overtaking newly mined BTC's" sometimes back in 2014. So weird... Many don't think much about this even today. When smb complains about volatility, I always reply "I know when volatility disappear" When?

Long answer: When price goes 100x up, volatility goes 100x down. Right? Say in 12 years....By that time new supply goes 8x down (2^3), and BTC fees goes ~20x up (in terms of $$$, not in satoshis). This makes 4-year cycles disappear forever.

Short answer: 2030

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