Expert Warns: Bitcoin's Limit Could Fall After Just Two Halvings

The debate surrounding Bitcoin's future is intensifying. An industry expert warns of the consequences of declining miner revenues and calls for prompt action to preserve the cryptocurrency's security model.

The core problem lies in low transaction fees, which combined with block rewards reduced through halvings, drastically cut miner revenues ^[1]. This development could lead to a decline in hashrate, directly threatening network security. Contrary to widespread assumptions, a high hashrate alone is insufficient to protect the network long-term.

Particularly striking: transaction fees are not rising as originally hoped, despite being intended to become miners' primary revenue source in the long term. This challenges the fundamental Bitcoin security model.

Should no solution be found, a discussion about lifting the sacred 21-million cap could become unavoidable after just two more halvings – roughly eight years from now ^[1]. However, such a change would represent a fundamental intervention in Bitcoin's DNA and could result in inflation and loss of value.