The CIO of the oldest European cryptocurrency investing fund and seasoned crypto influencer agreed on a grim prediction for Bitcoin (BTC) security in the long term. Meanwhile, given the surprisingly poor performance of ETH/BTC, Crypto X is still trying to figure out which crypto is the best store of value (SoV).

Bitcoin (BTC) security budget is on borrowed time? Experts say so

In its current design, Bitcoin (BTC), the largest cryptocurrency, simply cannot succeed. While high fees eliminate all potential use cases, low fees make its security model economically irrational. Such a statement was made by Justin Bons, crypto veteran and the CIO of CyberCapital VC fund.

This situation cannot be changed as low Bitcoin (BTC) fees can only be accomplished as a result of lowered transactional activity on-chain:

BTC is between a pet rock & a hard place with no hope for change; no capacity = no future!

His statement is echoed by pseudonymous cryptocurrency expert @WazzCrypto. In a tweet shared with his 51,400 followers, he indicated that Bitcoin's (BTC) security incentives model will fail in the next couple of years:

He opines that after the next halving event, which is set to occur in early April 2028, Bitcoin (BTC) PoW miners won't be motivated economically to contribute to the network's security.

ETH versus BTC: What is better store of value?

As such, both experts agreed that the existing mining-based model of Bitcoin (BTC) security heavily depends on ever-decreasing mining rewards, and, therefore, has all chances to be obsolete in 2028 or 2032.

Bitcoin's "store of value" narrative has also been heavily challenged in the past weeks. Ethereans opine that Ether is a much better SoV than BTC thanks to its eco-friendliness, lower emissions and multi-purpose role in the dApp ecosystem.

As covered by U.Today previously, FRAX founder Sam Kazemian admitted that Ethereum (ETH) killed its SoV narrative once it migrated to the proof-of-stake (PoS) consensus and introduced EIP 1559 with the dynamic fee model.