Technology

Story: Hut 8 Co-Founder Warns AI Could Collapse Legacy Banks Before Regulations Arrive

By Steven Anderson

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Banking Systems in the Crosshairs. Van der Chijs is pretty specific about where he thinks the damage shows up first.

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Tax Robots, Reinvest in Crypto. Van der Chijs has thought about that question. His answer is taxing robots or AI token usage —…

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Hut 8's Pivot and What He'd Do Now. Van der Chijs calls Hut 8's move into AI a strategic success — and he means it.

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Marc van der Chijs isn't sleeping well. The co-founder of bitcoin miner Hut 8 has spent months warning anyone who'll listen that artificial intelligence could hit banking systems…

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His concern isn't vague. Van der Chijs thinks the raw speed of AI development is the problem.

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Worth noting: he doesn't think bitcoin itself is the weak link. The bitcoin network, in his view, stays robust.

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And yet he's not purely pessimistic about AI. Far from it. He actually thinks AI could transform economies in ways that are genuinely good — cheaper goods, cheaper services,…

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Van der Chijs has thought about that question. His answer is taxing robots or AI token usage — essentially finding a way to capture value from automated labor the way governments…

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His own money is moving accordingly. He's sold a significant chunk of his bitcoin holdings and put that capital into AI technologies.

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See also: XRP Surges 6.93% as Bitcoin Climbs Above $80,000

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But he's not done with crypto. He's started recycling AI profits back into the sector, mainly through exchange-traded funds.

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He's also selective about which AI companies he's actually excited about. Despite predicting that AI developers will eventually dominate the corporate landscape, he thinks Tesla…

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Van der Chijs calls Hut 8's move into AI a strategic success — and he means it. If he were running the company today, he'd go straight to AI data centers rather than bitcoin…

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That said, if someone forced him to hold just one asset, he'd still pick bitcoin. He's been clear about that.

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More context: AKEs Astonishing 156% Surge as Bitcoin Hits $81,105

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