Bitcoin has achieved significant success since its first appearance; However, some members of the community are expressing concerns about the future of this digital asset.

On September 14, when a Reddit user questioned the most valid concerns about the future of Bitcoin, the answer “I don’t have enough money to buy more” received the most votes. This led the community to express their concerns about Bitcoin more openly.

Quantum computers have been one of the topics that community members have expressed concerns about. Quantum computers are a new field of computer science that relies on the principle of quantum mechanics to solve complex problems that classical computers cannot solve. It is known that Google aims to launch a quantum computer in 2029.

Trezor’s Bitcoin analyst Lucien Bourdon says, “We need more time for quantum computers to become a real threat.” There are various opinions in the community about whether quantum computers will threaten the security of Bitcoin.

Bourdon states that the Bitcoin community has proven its ability to adapt when necessary and emphasizes that Bitcoin’s decentralized structure will allow the implementation of new quantum-safe algorithms.

“Quantum computers could theoretically break some cryptographic systems; “However, this will also affect many sectors beyond Bitcoin, such as internet security and banking,” he says.

Mati Greenspan, founder of Quantum Economics, also shares a similar view. Greenspan states that the Bitcoin network has the ability to “adapt quickly to new technology.” But some community members have also raised possible risks associated with artificial intelligence (AI).

Bourdon argues that artificial intelligence can benefit from improving Bitcoin’s infrastructure and educational tools. He also warns that artificial intelligence can make phishing attacks more believable. “For users who use hardware wallets and secure recovery keys, such attacks do not pose a threat,” he says.

Besides this, some users have expressed concerns about the increasing centrality of Bitcoin miners and whales and the risk of market manipulation. Greenspan notes that excessive concentration of BTC in the hands of a few individuals could lead to market manipulation, but this would likely be short-term.

“The invisible hand of the market always corrects the situation in the long run,” he says. “The nice thing about Bitcoin is that everyone, rich or poor, can buy and sell as much as they want.” This is a reflection of Bitcoin’s decentralized nature and its ability to be accessed by anyone.

Another concern is the increasing Know Your Customer (KYC) regulations from governments around the world. Bourdon states that Bitcoin users see KYC policies as a threat, but these policies do not pose a direct threat to Bitcoin itself. “Bitcoin’s design allows individuals to send and receive Bitcoin between wallets without permission,” he says. This allows the decentralized structure of Bitcoin to be preserved.

Bitcoin has a mechanism that halves mining rewards every four years; This process is known as the Bitcoin halving. The last BTC halving took place on April 20, 2024 and reduced miner rewards from 6.25 BTC to 3,125 BTC per block.

Bourdon emphasizes that Bitcoin miners receive rewards not only from block subsidies but also from transaction fees. “As the value of Bitcoin increases, miners’ earnings will also increase,” Greenspan says.

“If a miner is not profitable or unhappy with their returns, they will shut down their machines, which will reduce the overall hashrate and increase the profitability of other miners.”

Although the Bitcoin community has expressed concern about future risks, there is general optimism about the opportunities and adaptability this asset provides. Although some concerns are valid, Bitcoin’s decentralized structure and adaptability create an environment of confidence that this asset will retain its value in the future.