🚨 Critical risk for Bitcoin due to mining centralization
CEO of WhaleWire, Jacob King, sounds the alarm about an impending BTC crisis caused by two key factors:
1. Mining centralization, which is really dangerous, as it opens the door for a 51% attack, since theoretically, monopoly pools can manipulate transactions and rewrite the blockchain history.
2. Recently, there has been an abnormal mass withdrawal of BTC from ETF wallets and whales.
⚪ King is right that one should never relax, but it is too early to panic.
CEO of WhaleWire, Jacob King, sounds the alarm about an impending BTC crisis caused by two key factors:
1. Mining centralization, which is really dangerous, as it opens the door for a 51% attack, since theoretically, monopoly pools can manipulate transactions and rewrite the blockchain history.
2. Recently, there has been an abnormal mass withdrawal of BTC from ETF wallets and whales.
⚪ King is right that one should never relax, but it is too early to panic.
