Brian Armstrong, CEO of Coinbase, categorically rejected the hypothesis that the artificial intelligence boom could destroy Bitcoin. He was responding to billionaire Chamath Palihapitiya’s prediction of a structural crisis caused by a mass exodus of miners to the AI sector, where computing power reportedly generates 10 to 20 times higher profits. According to Armstrong, Bitcoin’s automatic difficulty adjustment mechanism ensures the network would continue operating normally even if half of all miners left. He argues that the real driver of Bitcoin’s price is not electricity costs but global inflation fears. The executive stated he is « more bullish than ever » and believes Bitcoin’s cyclical bottom is near the $60,000 level.
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