Peter Schiff: Artificial intelligence is not bullish for Bitcoin, but rather a threat.

Renowned gold bull and economist Peter Schiff posted on social media to refute Bitcoin advocates' strategy of bundling artificial intelligence (AI) with Bitcoin for speculative trading, bluntly stating that AI poses a threat to Bitcoin rather than offering any benefits. Schiff pointed out that AI and Bitcoin compete directly for speculative capital, electricity, and data center resources. More critically, AI could uncover vulnerabilities in Bitcoin's code, cryptographic algorithms, wallets, or network that remain undetected by humans, thereby undermining the foundations of its security and scarcity.