$BTC 😱😨🚨 Will Bitcoin Disappear? A researcher said it is very likely
Bitcoin, the giant of cryptocurrencies that for many is synonymous with financial freedom, is not as secure as it seems, according to an analyst. Justin Bons, founder of the crypto investment firm Cyber Capital, highlighted that Bitcoin could be heading towards its own collapse. And not in centuries, but in a much shorter timeframe than any enthusiast would like to imagine: between 2031 and 2036.
In a recent post on the social network X, Bons explained why he sees a concerning future for the world's most popular network. It all comes from simple math: the block reward decreases with each halving (the mechanism that regulates the issuance of new bitcoins), and according to his calculations, by 2036 miners would be receiving only 0.39 BTC per block. At current prices, that translates to approximately $2.3 billion per year to secure a network that, by then, could have a market capitalization in the trillions. What's the problem? That figure, says Bons, would not be enough to deter potential attackers. Bons went further. He warned that this weakness in the "security budget" could open the door to 51% attacks, a type of "internal hacking" where someone takes majority control of the network to manipulate transactions. A scenario that, while unlikely today, could become more viable if economic incentives to secure the network weaken.
But the problems are not just economic. According to Bons, Bitcoin's governance also works against it. He criticized the rigidity of the Bitcoin Core development team, accusing them of blocking potential solutions like increasing the block size or allowing controlled inflation beyond the limit of 21 million coins. This stance, which already divided the community between 2015 and 2017, could reopen wounds... or even lead to a permanent fracture of the network.
As if all this weren't enough, Bons also
