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.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC Back Above $21,000 Despite Genesis Bankruptcy – Market Updates Bitcoin NewsBitcoin crept back up to the $21,000 level on Friday, as volatility in the cryptocurrency market remained high.
Read more »
JPMorgan CEO Calls Bitcoin (BTC) 'Hyped-up Fraud'Dimon doubled down on his criticism of cryptocurrencies during interview on CNBC Thursday morning
Read more »
Bitcoin price corrected, but bulls are positioned to profit in Friday’s $580M BTC options expiryBitcoin price might have corrected in the face of negative newsflow on Jan. 18, but noshitcoins says bulls will defend the $20,000 level in order to profit from this week’s $580 million options expiry.
Read more »
Bitcoin (BTC) Price Analysis for January 19Can BTC return to $21,000 by the end of the week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser Rager
Read more »
Bitcoin (BTC) Reacts to Genesis’s Bankruptcy FilingGenesis Global has now filed for Chapter 11 bankruptcy protection after a series of tumultuous events have caused severe liquidity issues for the troubled crypto brokerage
Read more »
Jim Cramer and Peter Schiff Urge to Sell Bitcoin, But BTC Whales Act OpposedJim Cramer and Peter Schiff call for selling Bitcoin, while $BTC whales think otherwise btc bitcoin crypto whalealert
Read more »