Analyst: Bitcoin could collapse within 7-11 years

Bitcoin could collapse within seven to 11 years due to a declining security budget, according to Justin Bons, co-founder of European crypto investment fund Cyber Capital. He argued that Bitcoin's security model relies on miner rewards from block subsidies and transaction fees. However, the four-year halving cycle structurally reduces revenue from these subsidies. To maintain current security, Bons stated that Bitcoin's price would need to double every four years or sustain extremely high fees, both of which he considers unrealistic in a competitive market. As miner revenue falls, he warned the network will become vulnerable to major attacks, potentially starting within the next two to three halving cycles. Bons noted that while an attack might cost millions of dollars, the potential profit could be in the hundreds of millions or billions, creating a significant incentive for attackers.