Bitcoin’s Security Model Faces Collapse: Experts Predict Failure

A recent discussion about Bitcoin (BTC)’s long-term security has sparked concern amongst industry experts. Justin Bons, CIO of CyberCapital VC fund and seasoned crypto influencer, argues that Bitcoin’s current design inherently limits its potential for widespread adoption. He highlights the conflict between high fees and a low number of transactions as a key obstacle, suggesting that Bitcoin may never achieve mainstream success. Bons suggests that Bitcoin’s security model is on borrowed time, with its future hinging on addressing this issue. urthermore, crypto expert @WazzCrypto echoes this sentiment, predicting a failure in the next couple of years due to diminishing mining rewards post-halving event. The debate also extends to the concept of Bitcoin as a store of value (SoV). Ethereum enthusiasts argue that its eco-friendly design and diverse applications within the DeFi ecosystem make it a better SoV than Bitcoin. The increasing competition from platforms like Ethereum is posing challenges for Bitcoin’s dominance in the crypto market.