- Justin Bons urged cryptocurrency investors to switch from Bitcoin to Solana, calling Solana “Bitcoin 3.0.”
- Bons cited Solana’s greater scalability, programmability, and decentralization compared to Bitcoin.
- Solana’s validator count has significantly declined, which may affect decentralization and security.
- Bitcoin was described as less suitable for large-scale or complex applications due to scalability and programmability limits.
Justin Bons, founder and Chief Investment Officer at Cyber Capital, publicly referred to Solana (SOL) as “Bitcoin 3.0” in a recent post. He encouraged investors to move away from Bitcoin and adopt Solana, claiming it outpaces Bitcoin on key technical and economic factors.
According to Bons, Solana offers higher scalability, programmability, privacy, and security. He also stated that Solana is more decentralized and scarce, emphasizing that his assessment is based on measurable data rather than narratives.
Bons referenced the Nakamoto Coefficient as a way to evaluate decentralization in blockchain networks. This metric indicates how many entities would need to act together to compromise the network. Bons argued Solana’s higher coefficient makes it more resistant to coordinated attacks. He further stated that Solana currently has more active validators than Bitcoin, considering both mining pools and solo miners.
However, Solana’s active validator count has dropped sharply, falling from over 2,500 in early 2023 to about 900 in 2025, based on data from Solana Floor. Fewer validators can increase stake concentration, potentially impacting decentralization and network security.
Bons also compared the governance systems of both cryptocurrencies. He asserted that Bitcoin’s development centers around core contributors, while Solana’s is more driven by stakeholder participation. On scalability, Bons pointed out Solana’s larger transaction capacity and faster processing, contrasting it with Bitcoin’s limited on-chain throughput.
Bons noted that Bitcoin does not support a Turing-complete virtual machine, restricting its native ability to run decentralized finance applications. In contrast, Solana’s smart contract capabilities enable more extensive on-chain functionality.
Solana’s price was recorded at $132.43, with retail sentiment remaining bullish and trading activity low. Meanwhile, Bitcoin continued to trade below $90,000, with sentiment reportedly trending bearish.
Bons concluded by urging those who support the original vision and values of cryptocurrency to reconsider Bitcoin in favor of Solana, stating in his words: “So, if you care about Bitcoin’s original vision, cypherpunk values & the crypto ethos, abandon BTC & support SOL instead.”
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