Regarding the Jinsunghwang incident, Sailo Hwang remarked: “Bitcoin has no CEO, so this entire risk simply doesn’t exist.” He’s probably holding back, knowing such a statement would invite heavy criticism. Bitcoin has no revenue model, no CEO, and no board of directors. So what risks does Bitcoin actually face? A quantum computing threat capable of breaking the Bitcoin network? That’s still far off. The most immediate risk is decrypting wallet addresses with the help of AI—but even this can be sufficiently mitigated with proper management. Most of the emerging risks fall into this category. The simplest countermeasure gaining traction to address this is a Bitcoin ETF.
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