Billionaire investor Chamath Palihapitiya, once a strong Bitcoin advocate who predicted prices could reach $1 million, now warns that Bitcoin's value could eventually fall to zero due to a potential AI-powered hack. He cites Bitcoin's limited privacy, fungibility issues, and the risk of AI compromising its security as key vulnerabilities. Palihapitiya no longer holds Bitcoin directly, having exchanged his holdings for equity in Digital Currency Group to avoid custody risks. This reversal follows his history of changing views on major investments like Tesla and SPACs, highlighting his intellectual flexibility amid evolving market conditions.
Chamath Palihapitiya's warning on Bitcoin's potential to hit zero is presented here with Pluang's cryptocurrency market data for context. As of Oct 24, 2026 23:21 WIB, only 3 of 50 major cryptocurrencies traded on Pluang rose, while 46 fell. Among notable movers, EOS gained 8.13% to Rp12.649 with a typical hold time of 87 days, contrasting with SUSHI dropping 8.15% to Rp3.597 and VET falling 8.02% to Rp122, the latter also seeing 88% sell activity and a longer hold time of 148 days.
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