Key facts
- Ethereum co-founder Vitalik Buterin dismissed claims that AI could break Bitcoin's security and cause a 50% price drop.
- Buterin believes the probability of AI compromising proof-of-work is "tiny."
- He expressed long-term optimism about blockchain cybersecurity.
- Bitcoin price remained near $79,500, with trading volume up 12% in 24 hours.
- Bitcoin futures open interest saw a slight decrease of 0.55%.
Ethereum co-founder Vitalik Buterin has publicly refuted claims that artificial intelligence poses a significant threat to Bitcoin's security, potentially causing a 50% price drop within two years. Buterin stated that the likelihood of AI breaking Bitcoin's cryptographic hashes or proof-of-work (PoW) is "tiny."
He expressed confidence in the long-term cybersecurity of blockchains, noting that network-layer issues can be addressed through client and mining pool upgrades without requiring broad social consensus. Buterin indicated that his personal investment portfolio reflects this belief, with approximately 90% of his net worth aligned with his optimistic outlook.
Meanwhile, Bitcoin's price has remained stable near $80,000, trading at $79,564 at the time of writing. Trading volume saw a 12% increase over the preceding 24 hours. The derivatives market showed a slight decrease in Bitcoin futures open interest, falling 0.55% to $52.92 billion. Despite current market conditions, participants in the Polymarket prediction market show a strong conviction that Bitcoin will reach $85,000 by the end of 2026.