Bitcoin $BTC security is doomed, prominent analyst Justin_Bons says Bitcoin
Justin Bons, a seasoned investor and hedge fund manager, is sure that Bitcoin as a safe payment instrument is on borrowed time. In coming years, Bitcoin network participants will lose economic motivation to keep it secure.In order to stay secure, Bitcoin should either double its value every four years in the next century or struggle with extremely high transactional fees, Bons claimed on Twitter today, on Jan. 21, 2023.
Also, it seems highly unlikely that a significant number of users would still use Bitcoin to pay $100 as a median transactional fee. As covered by U.Today previously, before the activation of EIP 1559, Ethereum gas fees for Uniswap transactions and OpenSea listings spiked above $100 in 2020-2021.
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