Cyber Capital's founder recently proposed an interesting viewpoint: Bitcoin may face risks within 7 to 11 years.

His core logic is as follows— as block rewards continue to decay, miners' incentives will gradually diminish. Can transaction fees stay at high levels to make up for this gap? This is a big question mark. If fees can't keep up, Bitcoin's "security budget" will come under real pressure.

This viewpoint touches on a key pain point in Bitcoin's long-term economic model: how to maintain sufficient mining investment and network security in an environment of decreasing rewards? Whether the transaction fee mechanism can play a leading role is still uncertain. This is indeed worth considering for understanding Bitcoin's long-term operational logic.