Chamath Palihapitiya, a former major bitcoin supporter, now describes the asset as a dead end and claims it could ultimately be hacked and fall to zero. He cites a limited pool of potential buyers, security risks arising from exposed ownership data, and AI-driven cryptographic attacks. The investor says he no longer holds crypto directly, having exchanged his bitcoin for equity in Digital Currency Group while retaining exposure to the sector. Bitcoin was trading near $81,500, roughly 26% below its level a year earlier. His warning, which offers no precise timeline or new evidence, fuels the debate over quantum resistance and cryptocurrency security in the AI era.
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