Will AI Destroy Cryptocurrencies? Vitalik: No Need to Panic, 90% of My Net Worth Is My Bet

Vitalik Buterin believes that the real risk lies not in AI compromising cryptocurrency, but in the technological transition period of its transformation.

By Oluwapelumi Adejumo

Translated by Chopper, Foresight News

Ethereum co-founder Vitalik Buterin publicly debunked a claim predicting that artificial intelligence would cause Bitcoin's price to plummet by over 50% within two years.

The debate stems from Silicon Valley investor and AI risk commentator Liron Shapiro's assessment. He estimates a 50% probability that Bitcoin will fall more than 50% over the next two years, arguing that AI will erode investors' fundamental trust in the security and robustness of the Bitcoin network.

But Vitalik takes a contrary stance, posting on X: "My core argument is that I remain optimistic about network security in the long run; the real challenge lies in how to navigate the transition."

Vitalik argues that the Bitcoin ecosystem can fully handle security vulnerabilities that do not require society-wide consensus to fix, including attacks targeting clients, mining pools, and other network infrastructure. He believes it is nearly impossible for AI to fundamentally break Bitcoin's hash functions and proof-of-work mechanism.