Former Google Engineer Patrick Shyu Sells All Bitcoin, Warns of 95% Minted Supply and Miner Crisis

BTC0.56%
According to a recent video statement, Patrick Shyu, a former tech lead at Google and staff engineer at Meta, sold all his Bitcoin in June 2026 after suffering massive losses from a 50% crash that saw BTC fall from $126,000 in October 2025 to the low $60,000s. Shyu cited two critical risks: first, the exhaustion of miner incentives as 95% of Bitcoin is already minted and transaction fees have failed to replace block subsidies; second, potential quantum computing threats that could expose older bitcoin addresses by 2030. Miners are already under pressure, with hashprice hovering around $29 per petahash per second this month following an 18% decline in late June.
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