Bitcoin Faces Long-Term Security Threat, Analyst Warns of Potential Collapse

News Flash 2026-01-16 19:00

Bitcoin's long-term security is under scrutiny as Justin Bons, co-founder of Cyber Capital, warns of a potential collapse within seven to eleven years. Bons highlights concerns over Bitcoin's security model, which relies heavily on miner rewards from block subsidies and transaction fees. With the next halving in April 2024 set to reduce block rewards from 6.25 BTC to 3.125 BTC, Bons argues that Bitcoin's price must double every four years or transaction fees must rise significantly to maintain security levels. The halving cycle's impact on miner revenue could lead to a decrease in the network's hash rate, making it more vulnerable to attacks. Bons suggests that without sufficient fee revenue, Bitcoin's security could deteriorate, potentially enabling a 51% attack. The cryptocurrency community remains divided on these projections, with some proposing protocol changes while others believe market forces will address the issue. Bons emphasizes that this challenge is structurally embedded in Bitcoin's code, unlike previous external threats.

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