There are also such opinions... The first cryptocurrency will collapse within the next 7-11 years. This opinion was expressed by Justin Bons, founder of the European company Cyber Capital. Problems will begin with a mining crash — the network security budget will decrease, and attacks such as double spends and blockchain reorganizations will start. This will lead to a chain fork, Bons is confident. In the current formation, Bitcoin should either double in price every four years or significantly increase the volume of online transaction fees collected. In his opinion, the level of network fee volume cannot keep up with the necessary pace. To maintain network security, the token price must double during each four-year halving cycle. In the current system, Bitcoin should either grow according to the planned pace or the volume of fees must increase multiple times. He identified a risk zone during the 2-3 upcoming reward halving periods. Bons, citing miner income, claims that the indicator shows — Bitcoin's security is now lower than five years ago. The expert considers revenue metrics from miners more significant than hash rate in this context. One of the solutions the expert suggests is removing the 21 million coin emission limit for Bitcoin. Recall that the first cryptocurrency will surpass gold as the main store of value, based on the mathematics of limited supply, according to analyst David Eng.
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There are also such opinions...
The first cryptocurrency will collapse within the next 7-11 years. This opinion was expressed by Justin Bons, founder of the European company Cyber Capital.
Problems will begin with a mining crash — the network security budget will decrease, and attacks such as double spends and blockchain reorganizations will start. This will lead to a chain fork, Bons is confident.
In the current formation, Bitcoin should either double in price every four years or significantly increase the volume of online transaction fees collected.
In his opinion, the level of network fee volume cannot keep up with the necessary pace.
To maintain network security, the token price must double during each four-year halving cycle. In the current system, Bitcoin should either grow according to the planned pace or the volume of fees must increase multiple times.
He identified a risk zone during the 2-3 upcoming reward halving periods.
Bons, citing miner income, claims that the indicator shows — Bitcoin's security is now lower than five years ago.
The expert considers revenue metrics from miners more significant than hash rate in this context.
One of the solutions the expert suggests is removing the 21 million coin emission limit for Bitcoin.
Recall that the first cryptocurrency will surpass gold as the main store of value, based on the mathematics of limited supply, according to analyst David Eng.