AI Is Breaking The Internet! Will It Send Bitcoin to Zero?
10/26/2026 · 52 min · transcript via mlx
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Key topics
— Major AI-enabled cyberattacks have disrupted internet infrastructure globally, with 80% of PHP-based systems compromised, affecting banks, government services, and payment systems across dozens of countries.
— Chamath Palihapitiya warned that Bitcoin will "go to zero" due to hacking threats, while the traditional financial system simultaneously experiences cyber breaches and potential collapse.
— Simply Bitcoin's YouTube channel was temporarily banned during the Lugano conference but restored within hours, drawing massive support from the Bitcoin community and high-profile figures.
— Scientists have successfully transmuted mercury into gold in a laboratory, theoretically undermining gold's scarcity narrative and Peter Schiff's arguments against Bitcoin.
— Bitcoin held support at $81,000 despite global market chaos, macro turbulence, and bond volatility, with some analysts suggesting the bear market has already bottomed.
— Strategy (STRC) continues aggressive Bitcoin accumulation through ETF purchases and selective STRC buybacks, adding 22.1 million more BTC as institutional demand outpaces supply.
Market & price signals
— Bitcoin currently trading at $81,000, holding above the 50-day moving average but facing potential downside to the 200-day moving average (~$70,000) if support breaks.
— Bitcoin ETFs saw continued inflows and billions of dollars flowing in despite widespread market chaos, indicating institutional resilience and demand.
— Commodities, bonds, and traditional markets are experiencing significant volatility; France is "burning," European markets are unstable, and the bond market is "shaking."
— McGlone's prediction of Bitcoin dropping to $10,000 during a Black Swan event was dismissed; hosts believe such a scenario is unlikely given Bitcoin's 24/7 liquidity and resilience.
Actionable insights
— Secure your hardware wallets and personal financial accounts now; AI-driven attacks are accelerating and targeting both institutional and retail users with increasing sophistication.
— Do not panic-sell Bitcoin during macro chaos; hosts argue the bear market bottom is already in, and waiting for lower prices like $40–50K risks buying back at $100K or higher during the next cycle.
— Avoid fear-based decision-making during headlines of internet shutdowns or systemic crises; total internet collapse would crash the entire global economy and make Bitcoin irrelevant compared to survival basics, so such scenarios are unlikely even if temporary shutdowns occur regionally.
Episode sponsorships
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