Avalanche Founder Warns of Bitcoin (BTC) Crisis

Avalanche founder Emin Gün Sirer warned that Bitcoin could face a long-term crisis because shrinking mining rewards after halvings may leave the network’s security budget dependent on transaction fees. Sirer argues this economic design flaw poses a greater existential threat than quantum computing or competing tokens and suggested a technical fix — offloading some transaction validation to a pre‑consensus layer like Avalanche — though that would likely face pushback from conservative Bitcoin stakeholders. The warning could increase bearish sentiment around Bitcoin’s long‑term security model and miner economics, potentially influencing market positioning and debate over protocol-level changes.