Fidelity Analyst Daniel Gray Says Bitcoin Incentives Can Sustain Long-Term Network Security

Fidelity research analyst Daniel Gray said concerns that declining Bitcoin mining rewards will weaken the network’s long-term security are misplaced, citing the network’s broader economic incentive structure. According to PANews, Gray wrote in a recent research report that Bitcoin’s security is not determined solely by block rewards. The report said transaction fees, market incentives, and other economic factors continue to motivate miners to maintain network security, making the cost of sustaining an attack prohibitively high.