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Crypto Pioneer Warns AI Could Cause Banking and Infrastructure Shocks

Crypto pioneer Marc van der Chijs, who sold much of his bitcoin for AI investments, now warns the technology could trigger systemic banking and infrastructure shocks and is considering moving some profits back into crypto.

CoinDesk 27 unique views
Crypto Pioneer Warns AI Could Cause Banking and Infrastructure Shocks

Marc van der Chijs, a crypto pioneer who sold much of his bitcoin to invest in artificial intelligence, is becoming more concerned about the technology’s potential risks, according to CoinDesk. Van der Chijs warned that AI could contribute to systemic shocks across the banking sector and critical infrastructure, saying control over its development may have been lost. His changing view comes as he considers directing some of the profits from his AI investments back into crypto. The shift highlights a reassessment of the balance between AI opportunities and its broader financial and infrastructure risks. Bitcoin is among the crypto assets linked to the change in his investment focus. The comments reflect concern about possible system-wide consequences from AI, rather than a forecast for any specific cryptocurrency or market move.

Source CoinDesk Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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