Why the AI Boom Won't Crash Bitcoin: Coinbase CEO Debunks Key Mining Myth

Coinbase CEO Brian Armstrong has dismissed the notion that an AI boom will crash Bitcoin, citing the cryptocurrency's automatic difficulty adjustment mechanism. Armstrong argues that even if a large number of miners switch to servicing AI workloads, the Bitcoin network would simply reduce its computational requirements, allowing the system to continue operating normally. He believes the real driver of Bitcoin's price is global fears of inflation, not electricity costs.