Peter Schiff rejected efforts to link Bitcoin with the artificial-intelligence investment theme, arguing in an Aug. 23 post on X that AI threatens the cryptocurrency by competing for speculative capital, electricity and data-center capacity. He also warned that more powerful AI could uncover weaknesses in Bitcoin's code, cryptography, wallets or network security, although he provided no evidence that such a vulnerability has been found. Some mining firms are shifting capacity toward high-performance computing, while Q Trader argued that AI poses a greater threat to gold by potentially expanding supply and reducing scarcity. Broader reporting highlights AI's growing role in crypto, including more profitable AI-enabled scams, AI-powered fraud controls and mining companies' pursuit of AI contracts. At the time of the report, Bitcoin traded near $77,318.