Bitcoin (BTC) was trying to approach $ 85,000, while the crypto world was shaken with striking criticism. Justin Bons, the founder of Cyber Capital, clearly targeted Bitcoin in his share in his social media platform X. According to him, BTC is no longer an innovation, but an unsuccessful experiment in the past. These explanations have aroused a great impact among crypto investors.
“BTC is a dinosaur! Neither safe nor efficient”
Justin Bons argues that Bitcoin’s technology is more than 2025. He says that restrictions such as only 7 transactions per second are excluded from competition. According to Bons, this poses a great risk for both investors and miners.
In addition, Bons that Bitcoin’s security has been weakened seriously over the years and emphasizes that the governance model is at the basis of this problem. According to him, BTC has become an obsolete and ineffective structure that can no longer protect its users.
Clear message to the community: “I am not playing this game anymore”
Bons, Bitcoin is controlled by a small group and this structure is completely blocked, he says. However, he adds that the design of the system is not responsible for investors, not investors. According to him, the problem is hidden in Bitcoin’s codes and structure.
Using very clear expressions in his speech, Bons describes Bitcoin as a gaman a game that should not be played ”. He claims that the BTC has become an existential threat to other digital assets, calling out the community to stop defending this network.
Do investors leave BTC?
Bitcoin cannot be said to have faced current criticism for the first time. Although technological steps such as Layer-2 solutions are taken, many people still think that BTC is slow and expensive. Nevertheless, Bitcoin’s market domination has not been affected so far.
However, some data show that investor interest is reduced. At the beginning of March, the number of active Bitcoin addresses has declined to 2018 levels. Compared to the 2021 bull season, this means a serious decline. So even if the price remains high, participation may be weakening.
While Bitcoin continues to be traded at 84,000 dollars, such criticisms in the community find more and more sound. For this reason, discussions that the BTC is “history is now” can be more exacerbated in the coming days.
