Billionaire Investor Chamath Palihapitiya Says Bitcoin Will Eventually Be Hacked by AI and Go to Zero

Chamath Palihapitiya, the billionaire founder and CEO of Social Capital, said in an interview shared today that future artificial intelligence could eventually hack Bitcoin’s network and send its price to zero. He said self-improving AI could manipulate Bitcoin’s SHA-256 hash algorithm and possibly access Satoshi Nakamoto’s wallets, with an attacker able to drain funds and then profit by shorting Bitcoin after disclosing the breach. Palihapitiya also cited privacy leaks tied to crypto data as a risk and said moving to quantum-resistant cryptography is impractical because the Bitcoin community’s attention is divided. He said he no longer holds Bitcoin directly, citing security concerns, and gains exposure through Bitcoin exchange-traded funds.