Buterin Disagrees: AI Won't Crash Bitcoin, Says Ethereum Co-Founder

Vitalik Buterin, co-founder of Ethereum, has rejected a warning that artificial intelligence (AI) will trigger a Bitcoin crash. AI risk commentator Liron Shapira predicted a fall of more than 50% in BTC prices over two years, assigning 50% confidence to his claim.

Shapira's case for an AI Bitcoin crash rests on security rather than demand. He believes AI will erode the guarantees that holders believed protected the network. However, Buterin disagrees and thinks Bitcoins' security rests on mining power and cryptographic hashing.

Buterin remains optimistic about cybersecurity over the long term and expects Bitcoin to absorb any issue that does not require social consensus. He puts the odds of an actual break in hashes or proof of work at close to zero. The Ethereum co-founder also assumed Shapira would say the same about Ethereum, given both men hold crypto that would fall together.