Early Bitcoin Tech Investor Turns Bearish, Warns BTC Could Be Hacked To Zero

Bitcoinist10-26 20:04

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Tech investor Chamath Palihapitiya, once a loud Bitcoin bull, now says the asset is capped and will...

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Ad Disclosure\n\nTech investor Chamath Palihapitiya, once a loud Bitcoin bull, now says the asset is capped and will...</p>\n\n<a href=\"https://bitcoinist.com/early-bitcoin-tech-investor-turns-bearish-warns-btc-could-be-hacked-to-zero/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BITY","symbol_name":"Amplify Bitcoin 2% Monthly Option Income ETF","start_time":0,"source_url":"https://bitcoinist.com/early-bitcoin-tech-investor-turns-bearish-warns-btc-could-be-hacked-to-zero/","article_id":"2678197441","we_media_id":null,"thumbnails":["https://bitcoinist.com/wp-content/uploads/2026/10/Early-Bitcoin-Tech-Investor-Turns-Bearish-350x250.jpg"],"rights":{"source":"bitcoinist_highlight","url":"https://bitcoinist.com/early-bitcoin-tech-investor-turns-bearish-warns-btc-could-be-hacked-to-zero/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2678197441","pubTimestamp":1793016298,"columns":[],"sourceInfo":{"source_id":"bitcoinist_highlight","name":"Bitcoinst"},"weMediaInfo":null,"summary":"Tech investor Chamath Palihapitiya, once a loud Bitcoin bull, now says the asset is capped and will eventually be hacked...","collect":0,"end_time":0,"defaultTopTitle":"bitcoinist.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","BTCO":"比特币ETF-Invesco Galaxy","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","ARKB":"比特币ETF-21Shares","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","BITC":"Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF","SBIT":"2倍做空比特币期货ETF-Proshares","BETE":"等权重比特币&以太币期货ETF-ProShares","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","FBTC":"比特币ETF-Fidelity","BETH":"比特币&以太币期货ETF-ProShares","EZBC":"比特币ETF-Franklin","BTCW":"比特币ETF-Wisdom Tree","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","BITI":"1倍做空比特币期货ETF-Proshares","BTF":"比特币&以太币期货ETF-CoinShares","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","DEFI":"比特币期货ETF-Hashdex","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","BITX":"2倍比特币期货ETF-Volatility Shares","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","BITO":"比特币期货ETF-ProShares","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","MAXI":"比特币期货ETF-Simplify","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","BTC":"Grayscale Bitcoin Mini Trust","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","IBIT":"比特币ETF-iShares","BRRR":"比特币ETF-CoinShares","BTRN":"比特币期货ETF-Global X","BPI":"Grayscale Bitcoin Premium Income ETF","BTCC":"Grayscale Bitcoin HIGH Income ETF","DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","YBTC":"比特币看涨期权ETF-Roundhill","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","GBTC":"比特币ETF-Grayscale","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","BITU":"2倍做多比特币期货ETF-Proshares","BTCI":"NEOS Bitcoin High Income ETF","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","BCCC":"Global X Bitcoin Covered Call ETF","HODL":"比特币ETF-VanEck","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF"},"translate_title":"早期比特币科技投资者转向看跌，警告比特币可能被黑客攻击为零","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FBTC":0.6,"BTCC":0.6,"BETH":0.6,"BTCZ":0.6,"CBOJ":0.6,"BFJL":0.6,"GBTC":0.6,"BITX":0.6,"SBIT":0.6,"HODL":0.6,"EZBC":0.6,"BITO":0.6,"DFII":0.6,"BPI":0.6,"CBTY":0.6,"CBTO":0.6,"CBTA":0.6,"QBF":0.6,"BITC":0.6,"BTF":0.6,"CBOA":0.6,"MAXI":0.6,"CBOY":0.6,"BTCI":0.6,"BCCC":0.6,"CBOO":0.6,"CBXJ":0.6,"BTCW":0.6,"BAGY":0.6,"BRRR":0.6,"BITY":0.6,"ARKB":0.6,"BTCO":0.6,"CBXO":0.6,"BTCL":0.6,"BITU":0.6,"BTRN":0.6,"BITI":0.6,"YBTC":0.6,"IBIT":0.6,"BFAP":0.6,"BETE":0.6,"XBTY":0.6,"BTC":0.6,"CBXA":0.6,"CBXY":0.6,"CBTJ":0.6,"DEFI":0.6},"content_text":"Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nTech investor Chamath Palihapitiya, once a loud Bitcoin bull, now says the asset is capped and will eventually be hacked and fall to zero.\nTL;DR\n\nHe cites a limited pool of buyers, security risks from leaked ownership data, and AI-driven attacks on cryptography.\nHe says he no longer holds crypto directly, having swapped his bitcoin for equity in Digital Currency Group.\nBTC trades near $81,500, roughly 26% below its level a year ago.\n\nA Prominent Bull Changes Sides\nFew voices in tech investing carry the reach of Palihapitiya, the Social Capital founder who co-hosts the All-In Podcast with David Sacks, David Friedberg and Jason Calacanis. Speaking on the Moonshots podcast with Peter Diamandis, he described bitcoin as a dead end: limited in how far it can climb, and ultimately vulnerable to a hack that sends it to nothing.\n\n\n\n\n\n\nThe reversal is stark. In December 2017 he forecast $100,000 per coin by around 2020, a target bitcoin needed four extra years to hit. He later floated $1 million by 2040, pitching the asset as protection against currency debasement and geopolitical turmoil. He has also said he bought as early as 2010.\nPalihapitiya sees bitcoin’s buyers arriving in layers: retail first, then institutions, then central banks. He argues retail-held coins lack the fungibility sovereign buyers would want, since a central bank would not welcome reserves that anyone can trace. Ray Dalio has raised a similar objection. If that last buyer class never shows up, he reasons, upside is limited.\nAI and Security Risks Create Easy Targets\nHe also pointed to security risks from exposed ownership information, referring to a recent run of crypto thefts and kidnappings in France. He claimed the French government pushed for publication of who holds what, a claim worth verifying independently. His broader point is that visible wealth turns holders into targets.\n\n\n\n\n\n\n\n\n\n\n\n\nThe boldest warning involves artificial intelligence. If self-improving AI systems were aimed at cryptographic attacks, he suggested, the obvious first prize would be the wallet tied to Satoshi Nakamoto: break SHA-256, drain the coins, short the market, then announce it, profiting twice.\nHe added that moving bitcoin to a quantum-resistant design is close to impossible because the community cannot agree on basic coordination, and said crypto has lost its way on the issue.\n\n\n\n\n\n\n\n\n\n\n\n\nWhy The Comments Carry Weight\nPalihapitiya’s proximity to the Trump White House adds extra attention. He is close friends with Sacks, the former White House crypto and AI czar who still co-chairs the president’s council of advisers. Quantum anxiety has also surged over the past year, boosted by Google’s computing breakthroughs in March and a wave of AI-powered cyberattacks. Developers have proposed defenses, but skeptics doubt decentralized networks can adapt quickly enough.\nHis own exit is part of the story. He says his bitcoin was sold to Digital Currency Group in exchange for equity, which spared him storage and security headaches while keeping crypto exposure.\nThe Bottom Line\nPalihapitiya’s warning is an opinion with no timeline, not a forecast backed by new evidence. It still feeds a growing debate over quantum resistance and AI-era security, and it shows how quickly early believers can change their minds.\n\n\nEditorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. 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