Chamath Palihapitiya Warns Bitcoin Will Hit Zero After Years of Bullish Calls
Chamath Palihapitiya once predicted bitcoin would reach $1 million. Now he says artificial intelligence (AI) will eventually hack the Bitcoin protocol and ultimately send BTC’s value to zero. But the billionaire’s reversal follows a familiar pattern. From selling Tesla shares while publicly praising the company to acknowledging serious flaws in his SPAC empire, Palihapitiya has […]
Key Takeaways
- Chamath Palihapitiya once predicted bitcoin would reach $1 million.
- Now he says artificial intelligence (AI) will eventually hack the Bitcoin protocol and ultimately send BTC’s value to zero.
- But the billionaire’s reversal follows a familiar pattern.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
Argentine judge clears Milei and 10 others in LIBRA case, finding no ‘criminally relevant deception’
The judge's 60-page ruling concluded Argentine President Javier Milei's post promoting the LIBRA token did not, by itself, establish fraud.
Block's new voice AI sounds eerily human, sparking awe and scam fears
Reactions split between amazement at how human it sounds and fears it could fuel scams and deception, with CZ eyeing uses in children’s education.
Argentina drops criminal probe into President Milei over crashed memecoin LIBRA
The judge found that Milei's promotion of LIBRA did not constitute fraud, despite the attention his support drew to the token.