Canadian billionaire Frank Giustra has warned that Bitcoin (BTC) faces existential risks from quantum computing and artificial intelligence (AI).
In an X post on March 8, the analyst said the cryptocurrency would be fortunate to survive the next five years.
Giustra made the remark in response to a video clip featuring Block co-founder Jack Dorsey and Strategy executive chairman Michael Saylor.
The clip, shared by Bitcoin infrastructure provider Maestro, shows Saylor emphasizing Bitcoin’s self-custody capability, which he said gives it ethical and moral superiority over most digital securities and supports projections that the network could endure for a century.
Dorsey echoed the view, highlighting Bitcoin’s slow and predictable upgrade process compared with faster-moving alternatives like Ethereum (ETH), and expressing confidence that this approach could allow it to function as an internet-native currency serving billions for decades.
Notably, the two experts agreed that the asset could keep increasing in value for centuries.
Read more: finbold.com
Source: CRYPTO WORLD NETWORK NEWS
