Chamath Palihapitiya Warns Bitcoin Will Hit Zero After Years of Bullish Calls

Chamath Palihapitiya once predicted bitcoin would reach $1 million. Now he says artificial intelligence (AI) will eventually hack the Bitcoin protocol and ultimately send BTC’s value to zero. But the billionaire’s reversal follows a familiar pattern. From selling Tesla shares while publicly praising the company to acknowledging serious flaws in his SPAC empire, Palihapitiya has repeatedly reconsidered investments he once championed. His latest bitcoin price warning adds another chapter to that history. Chamath Palihapitiya once called bitcoin “gold 2.0,” predicted a $1 million price, and urged investors to treat it as financial insurance. Now the billionaire investor says bitcoin is capped and eventually headed for zero, courtesy of an artificial intelligence (AI)-powered hack. It’s quite a reversal, though hardly his first.

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