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Bitcoin: Chamath Palihapitiya fears hacking facilitated by AI

Image: Cointribune

Artificial intelligence opens up new possibilities, but it also raises questions about the security of cryptocurrencies. Billionaire investor Chamath Palihapitiya believes an AI-related cyberattack could one day compromise bitcoin and erase its value. This prediction renews the debate on the resilience of its cryptographic system against new technologies. At the same time, the investor explains why he now favors ETFs to gain market exposure without directly holding digital tokens. During an interview broadcast on a podcast, Chamath Palihapitiya mentioned a scenario in which artificial intelligence would eventually compromise bitcoin’s security. According to him, the advances in AI systems could give hackers more powerful means to target cryptographic networks. He believes such an attack could cause an extreme decline in price.

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