📉 Bitcoin will come to an end in 7 years? Analyzing Justin Bons' survival crisis theory
Many people view BTC as 'digital gold', believing it is eternal. However, Justin Bons, founder of Cyber Capital, has a different perspective: the Bitcoin network may become unsustainable within 7 to 11 years. ⏳
Where is the core issue?
With each halving, the block reward continues to decrease. Currently at 3.125 BTC, it will drop to about 0.78 BTC by 2032. Bons believes that unless the price of Bitcoin doubles every 4 years, or transaction fees soar to hundreds of dollars per transaction, the security budget of the network will collapse.
The 'death spiral' scenario described by Bons:
Declining revenue: Reduced rewards lead to some miners shutting down due to losses. Slower network: Decreased hash rate leads to slower block generation, and difficulty adjustments are not instantaneous. Throughput crisis: The network (with only 7 transactions per second) becomes congested. In a panic, users cannot withdraw quickly, triggering a 'bank run'. 51% attack risk: When protection costs become extremely low, attacking the network becomes more attractive than honest mining.
Conclusion: Bons believes that developers must either break the supply cap of 21 million coins (introducing inflation) or watch the network security collapse helplessly.
🤔 Do you think this is a real threat or FUD spread to accumulate at low prices? Feel free to discuss in the comments! 👇
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