According to the founder of Cyber Capital, Bitcoin is on track for a “death spiral.”
Falling miner revenues, rising attack risks, and the network’s limited throughput are creating a dangerous combination.
In a panic scenario, transactions could get stuck in queues for weeks or even months, leading to a loss of trust, a price drop, and miners shutting down en masse.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin is dead?
According to the founder of Cyber Capital, Bitcoin is on track for a “death spiral.”
Falling miner revenues, rising attack risks, and the network’s limited throughput are creating a dangerous combination.
In a panic scenario, transactions could get stuck in queues for weeks or even months, leading to a loss of trust, a price drop, and miners shutting down en masse.