Bitcoin’s Security Threat: Why 21 Million Cap Makes Network Vulnerable

Despite Bitcoin (BTC) reaching record highs, its security model is facing a critical challenge. A recent analysis by Ethereum Foundation researcher Justin Drake suggests that even significant price increases won’t improve network safety due to inadequate economic incentives. Here’s why: Bitcoin fees are at their lowest point in over 13 years, dropping below 10 BTC/day. This trend is causing Bitcoin’s security budget to dwindle, leaving the network vulnerable to 51% attacks, as highlighted by Drake’s analysis and supported by previous research from Coinbase Miner Rewards.