Buterin Bets Against AI Undermining Bitcoin Security
Vitalik Buterin has shot down the prediction that AI could cut Bitcoin's price by more than half within two years.
The Ethereum co-founder noted that his existing crypto holdings already place roughly 90% of his net worth on the opposite side of this view.
Liron Shapira, a Silicon Valley investor and host of the podcast, made the prediction with 50% confidence due to AI's potential to undermine the security or robustness guarantees investors expect from Bitcoin.
The Ethereum co-founder explained that many network-level issues can be addressed by developers, node operators, and mining pools upgrading clients or infrastructure, but a break in Bitcoin's hash algorithms or proof-of-work is unlikely.