Early Bitcoin Tech Investor Turns Bearish, Warns BTC Could Be Hacked To Zero
· price · Sentiment: bearish
Early Bitcoin investor and technologist Mike Belkin has turned sharply bearish, warning that Bitcoin could be hacked to zero due to unresolved vulnerabilities in its underlying protocol and cryptography. Multiple reports highlight his concerns that advances in computing power and potential breakthroughs in quantum computing or other attack vectors could render Bitcoin’s security model obsolete. The core implication is that persistent technical debt and over-reliance on an aging codebase may expose Bitcoin to catastrophic failure, challenging the narrative of Bitcoin as a permanently secure digital gold.