Bitcoin Could Be Hacked and Fall to Zero, Warns Chamath Palihapitiya
Photo: Coinpedia
Billionaire investor Chamath Palihapitiya has warned that Bitcoin could eventually lose its value because of security risks, limited financial privacy and difficulties upgrading its technology. He believes advances in artificial intelligence (AI) and quantum computing could threaten Bitcoin’s cryptographic protections. Speaking in an interview , Palihapitiya said Bitcoin’s growth could be limited because its public transaction records expose information about wallet activity, potentially creating security risks for identified holders. Palihapitiya warned that advanced AI systems could help identify weaknesses in cryptographic systems. He described a hypothetical attack targeting Bitcoin attributed to its pseudonymous creator, Satoshi Nakamoto.
Source: Coinpedia
