Top crypto researcher says ‘Bitcoin will collapse’ in 7 to 11 Years
Justin Bons, founder of Cyber Capital, a cryptocurrency investment firm, has warned that the chances of Bitcoin (BTC) collapsing in the coming years remain high. Bons pointed to diminishing block rewards, which are set to fall to 0.39 Bitcoin by 2036 under the current halving schedule. At today’s prices, this would translate to an annual security budget of roughly $2.3 billion, an amount he deems insufficient to protect a network with a potential market cap in the trillions, he said in an X post on August 17. This decline, he argued, could make it economically feasible for attackers to launch 51% attacks, enabling them to manipulate transactions and undermine trust in the system. The cryptocurrency researcher also highlighted the limitations of Bitcoin’s current governance structure. He contends that the Bitcoin Core development team, which controls key updates, has resisted increasing block sizes or allowing inflation beyond the 21 million coin cap. ...