ChainCatcher report: This morning, Silicon Valley angel investor Liron Shapira posted on X: “I assert (with 50% confidence) that within the next two years, BTC’s price will drop more than 50%, as AI undermines the security and robustness once assumed to be inherent to Bitcoin.” Ethereum co-founder Vitalik Buterin rebutted: “I hold the exact opposite view. My fundamental reasoning is that, in the long term, I am quite optimistic about cybersecurity; the main challenge lies in navigating the transition period smoothly. I believe BTC can adequately handle all issues that don’t require social consensus—such as upgrading clients or adjusting mining pools to counter network-layer attacks. Moreover, I think the probability of SHA-256 or proof-of-work being genuinely broken is negligible. I originally wanted to make a bet with you, but given my current asset allocation (I assume you feel the same way about Ethereum ETH), I’ve already put about 90% of my net worth on this bet.”
Vitalik Buterin Challenges Silicon Valley Investor’s Claim That AI Will Compromise BTC Security
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Summary
Vitalik Buterin dismissed a recent claim by Silicon Valley investor Liron Shapira that AI could cause a BTC security breach and reduce Bitcoin’s price by more than 50% within two years. Buterin argued that hash algorithms and PoW remain highly secure, and Bitcoin can withstand network attacks without requiring social consensus. He also revealed that 90% of his assets are tied to this outcome, signaling strong confidence in BTC’s resilience and the upcoming BTC update.
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