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Saturday, September 19, 2026

Hut 8 co-founder warns of AI risks as he moves profits back into bitcoin (BTC)

by marketdash
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The concern extends to banks. Van der Chijs believes AI could expose vulnerabilities in legacy banking software, threatening confidence in institutions that depend on interconnected systems. Within crypto, he sees exchanges and other businesses built around bitcoin as more vulnerable than the underlying network.

His concerns have not displaced an expansive view of AI’s economic potential. He predicts AI and robotics could eventually perform 90% to 95% of existing jobs, while driving sharp declines in the cost of goods and services.

In that scenario, governments would need new sources of revenue as employment changes. He suggested taxes on robots or AI token usage, while acknowledging that locally run models would complicate collection.

His own portfolio has already followed the technology’s rise.

“I sold a lot of my bitcoin. I went into AI,” he said.

Van der Chijs believes that investors redirecting capital toward AI helped keep…



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