Billionaire investor warns Bitcoin will be hacked and go to zero

Billionaire investor Chamath Palihapitiya has warned that Bitcoin ( BTC ) will eventually be hacked and collapse to zero, citing advances in artificial intelligence ( AI ) and weaknesses in its security model. Palihapitiya argued that Bitcoin faces a ceiling on its value and could lose market confidence following a successful attack while speaking on the October 21 episode of Peter Diamandis’ Moonshots podcast. He also questioned whether its decentralized community could implement quantum-resistant security before the technology becomes a practical threat. These comments come after Palihapitiya previously described Bitcoin as a digital alternative to gold and predicted it could reach $200,000. However, he now argues that its transparent ledger limits financial privacy, potentially reducing its appeal to central banks and other institutions.

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