Bitcoin Open to a Bank Run, Smaller Parties Vulnerable to Death Spiral Event

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.

which could then disrupt the overall functionality of the Bitcoin network. This scenario is referred to as a "death spiral."
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Great insights! The potential ripple effects of a bank run highlight the need for robust strategies in our crypto ecosystem. 🚀
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