Network Capital founder Justin Bons predicts that due to structural security issues, Bitcoin could collapse within 7 to 11 years. He believes that the reduction in miner revenue caused by halving and the decrease in transaction fees will lower the network's "security budget," making attacks easier. Bons states that by then, the Bitcoin community may face a dilemma: either raise the supply cap of 21 million or endure attacks. This prediction has been challenged by Bitcoin supporters, who emphasize other security factors and potential future innovations.
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Network Capital founder Justin Bons predicts that due to structural security issues, Bitcoin could collapse within 7 to 11 years. He believes that the reduction in miner revenue caused by halving and the decrease in transaction fees will lower the network's "security budget," making attacks easier. Bons states that by then, the Bitcoin community may face a dilemma: either raise the supply cap of 21 million or endure attacks. This prediction has been challenged by Bitcoin supporters, who emphasize other security factors and potential future innovations.