Steve Keen – Bitcoin Will Go To Zero

Steve Keen argues that Bitcoin’s security model comes with a long term tradeoff, as the network relies on high energy consumption to remain secure, making it extremely difficult to attack.

But that same feature, in his view, creates a structural risk as global pressure increases to reduce energy usage.

His argument is not about short term price movements, but long term sustainability, because the very mechanism that makes Bitcoin secure today could become its biggest constraint in the future.
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