Cobra Warns AI Threatens Bitcoin Self-Custody as Winter Looms

The pseudonymous owner and maintainer of the bitcoin.org domain stated he had never seen bitcoiners so demoralized, highlighting that the recent bear market was brutal. Cobra pointed out several tailwinds for bitcoin’s future, stressing that owning bitcoin is extremely risky right now. Cobra, the pseudonymous maintainer of the bitcoin.org domain, has laid out a bleak outlook for bitcoin’s future, outlining the difficulties the prime cryptocurrency faces. Addressing the current state of the cryptocurrency market, Cobra said the recent price downtrend has been brutal for bitcoiners , who are demoralized and “barely hanging on,” as he noted on social media. Bitcoin has officially entered bear market territory, having recently lost nearly 20% of its value during the past 30 days Cobra explained that with the rise of artificial intelligence (AI), owning…

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