Cyber Capital founder predicts Bitcoin collapse within 7–11 years

Beincrypto reports Cyber Capital founder and chief investment officer Justin Bons warned that Bitcoin could collapse within seven to eleven years, citing shrinking security budgets and a rising risk of 51% attacks. Bons argued the core issue is Bitcoin’s economic security model: miner rewards fall after each halving, reducing the security budget, and hardware efficiency can let hashrate rise even as the cost of producing hashes declines.

He said miner revenue, not raw hashrate, determines the cost of attacks and that current transaction fees make up only a small share of miner income. Bons added that limited block space caps fee revenue and that sustained high fees or exponential price growth—needed to preserve security—are unrealistic.

He also warned of congestion and “bank-run” dynamics that could trap users during panic, noting that a single transaction per current user would create a queue about 1.82 months long, in his view. As a result, Bons presented a dilemma: increase supply beyond 21 million to preserve miner incentives, which he said would undermine Bitcoin’s value proposition and likely cause a chain split, or accept a weakening security model that raises the risk of attacks and censorship.

Key Topics

Crypto, Justin Bons, Cyber Capital, Bitcoin, Halving, Security Budget