Bitcoin Open to a Bank Run, Smaller Parties Vulnerable to Death Spiral Event
Submitted by Anonymous (not verified) on Sat, 11/23/2024 - 18:20
Justin Bons, founder and CIO of Cybercapital, a European cryptocurrency fund, alerted about the vulnerability of smaller parties in the case of a bitcoin bank run. A price drop event would trigger the hypothetical event, forcing miners to shut down their operations due to unprofitability and affecting network operativity. Cybercapital CIO Justin Bons Alerts About […]