Buterin: AI not a threat to Bitcoin’s security

Vitalik Buterin rejects claims that AI could break Bitcoin’s security or cause a 50% price drop, emphasizing the network’s resilience and ability to address threats through technical upgrades.

Vitalik Buterin, co-founder of Ethereum, has firmly dismissed claims that artificial intelligence could compromise Bitcoin’s security and cause its price to fall by over 50% within two years. Addressing warnings from analysts and AI models, Buterin stressed that the likelihood of AI breaking Bitcoin’s core cryptography or proof-of-work mechanism is extremely low. He highlighted the robustness of Bitcoin’s technical foundation, noting that potential network threats can be managed through client and mining pool software upgrades, without needing broad social consensus. Buterin also pointed out that AI-based predictions often ignore the complex dynamics of decentralized networks and the psychological factors that influence investor behavior. Overall, Buterin remains optimistic about blockchain cybersecurity and maintains that Bitcoin’s security model will continue to protect the network against foreseeable technological advancements. His stance counters the narrative that AI poses an imminent existential risk to Bitcoin’s stability or price.