Peter Schiff: AI poses a threat to Bitcoin, not a benefit
2026-08-24 04:12
Odaily Odaily News: Gold supporter and economist Peter Schiff stated that AI poses a threat to Bitcoin, not a benefit, and refuted the view of linking AI with Bitcoin's development prospects.
Peter Schiff stated that AI directly competes with Bitcoin in terms of speculative capital, electricity, and data center resources. Additionally, he believes that AI may discover vulnerabilities in Bitcoin's code, encryption algorithms, wallets, or network that have not yet been found by humans, thereby posing a potential threat to Bitcoin's security and scarcity.
