Will AI Kill Bitcoin? Miners Are Abandoning the Network, and One Analyst Set a 2028 Deadline

Impact · against what's priced in

The shift of Bitcoin mining infrastructure toward AI compute represents a structural headwind for Bitcoin-linked assets like IBIT, as it weakens network security and signals institutional rotation. While hyperscalers like GOOGL benefit from increased power infrastructure demand, the impact is marginal given the scale of existing AI investments.

IBIT−0.40

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