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Artificial Intelligence Crypto

Peter Schiff Says Hitching Bitcoin to Artificial Intelligence Wagon is a Mistake: AI Isn't 'Bullish' for

Economist Peter Schiff said on Sunday that AI is a threat to Bitcoin (CRYPTO: BTC), rather than serving as a positive catalyst for the cryptocurrency.

Benzinga

Publisher

Aug 24, 2026 at 3:59 AM UTC · 2 min de lectura

Peter Schiff Says Hitching Bitcoin to Artificial Intelligence Wagon is a Mistake: AI Isn't 'Bullish' for — Image via Benzinga

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Traduciendo…

Economist Peter Schiff said on Sunday that AI is a threat to Bitcoin (CRYPTO: BTC), rather than serving as a positive catalyst for the cryptocurrency.

Schiff Attacks BTC Pumpers’

In an X post, Schiff called out what he saw as attempts by “Bitcoin pumpers” to connect BTC with the AI trade.

“They have it backwards. AI isn’t bullish for Bitcoin; it’s a threat to it,” he added.

Schiff stated that AI threatens Bitcoin by competing for speculative capital, electricity, and data centers, while “powerful” AI could “discover vulnerabilities” in its code, cryptography, or network security.

The Counter-Argument

Q Trader, a BTC maximalist, said, however, that AI represents a greater threat to gold than to Bitcoin. They argued that advanced AI technology could increase gold supply, reducing its scarcity and eventually causing prices to fall.

Will AI Really Threaten Bitcoin?

The impact of AI on cryptocurrency and Bitcoin is the subject of an intense and ongoing debate.

A report by the on-chain analytics firm Chainalysis found that AI-enabled cryptocurrency scams were 4.5 times more profitable than traditional scams in 2025. AI-related scams also showed greater time-weighted efficiency.

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