Why Trillionaire Elon Musk Believes Only Bitcoin Can Survive the Coming AI Collapse

ibtimes.co.uk Jun 22, 2026

Why Trillionaire Elon Musk Believes Only Bitcoin Can Survive the Coming AI Collapse

Curated by Shubham · TechCapsules · Jun 22, 2026

AI-summarised brief · reviewed before publication

Elon Musk argues that advanced AI and robotics could create an era of abundance, reducing inflation concerns, but also potentially pressuring traditional currencies. SpaceX's disclosure of holding 18,712 Bitcoin on its balance sheet as of March 31 has renewed interest in Musk's support for digital assets. The company's Bitcoin holdings have a total cost basis of approximately $661 million, implying an average acquisition cost of $35,300. Musk's views on AI and Bitcoin have sparked debate among supporters and critics. The disclosure has brought attention to Musk's long-running interest in digital currencies and his broader views on the future of wealth, with Bitcoin advocates arguing its scarcity makes it attractive in periods of excessive money creation, and Musk's influence on crypto markets through his comments on Bitcoin and Dogecoin.

💡 Why It Matters

· Musk's endorsement of Bitcoin underscores the asset's potential as a hedge against AI-driven economic disruption.
· Bitcoin's fixed supply makes it an attractive alternative to traditional currencies in a world where automation could lead to unprecedented abundance and altered monetary dynamics.

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Ethereum Foundation Loses Another Top Leader as Hsiao-Wei Wang Resigns

Hsiao-Wei Wang has resigned as Ethereum Foundation co-executive director, effective immediately, following Tomasz Stańczak's resignation in February. At least ten senior figures have left the organization in 2026, raising concerns about leadership continuity. Wang's departure marks a significant loss, given her technical expertise and involvement in key projects, including sharding and the Beacon Chain design. Her exit comes as Ethereum's ETH token has fallen roughly 57% from its 2025 peak, deepening community frustration with the EF's direction. Vitalik Buterin has described the EF's future as a "smaller ship" focused on security, privacy, and censorship resistance, amidst the turmoil.

💡 Wang's technical expertise will be difficult to replace, given her years of work on Ethereum's most demanding problems. Her departure undermines the foundation's ability to drive key projects forward, exacerbating existing community concerns about the network's future development.

bitcoinworld.co.in · Jun 19

Bitcoin Micro-Transactions Surge to 80% of Network Activity, Data Shows

Small Bitcoin transactions of less than 0.01 BTC have surged to approximately 80% of all network activity, according to data from analytics firm CryptoQuant. This dramatic increase from under 50% in 2023 is primarily driven by rising network usage for protocols like Runes and Ordinals, which allow users to inscribe data onto satoshis. The growing popularity of these token protocols has led to a surge in small, data-rich transactions, creating non-fungible tokens (NFTs) and other digital assets directly on the blockchain.

💡 The shift in Bitcoin's usage patterns from peer-to-peer value transfers to a platform for decentralized applications and digital collectibles raises concerns about network congestion and higher transaction fees for users.

prnewswire.co.uk · Jun 19

Global Assets Trading Fest on Bybit Offers $202,000 USDT Prize Pool Across…

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched the Global Assets Trading Fest, a trading competition with a $202,000 USDT prize pool. The event runs from June 18 to July 16, 2026, and features two leaderboards: one for traditional finance pairs and another for crypto spot and perpetual futures markets. Participants can earn up to $20,000 in USDT by competing on individual trading volume. The competition allows traders to engage with a broad range of global asset classes available on Bybit.

💡 The Global Assets Trading Fest highlights Bybit's efforts to expand its user base and increase trading activity across various asset classes. By offering a substantial prize pool, Bybit aims to attract both professional traders and newcomers, potentially boosting its market share in the competitive cryptocurrency exchange landscape.

bleepingcomputer.com · Jun 19

USB worm spreads crypto-stealing malware via Windows shortcut files

A USB worm is spreading crypto-stealing malware via Windows shortcut files, targeting cryptocurrency wallets since at least February. The malware monitors clipboard contents, replacing wallet addresses with ones controlled by the attacker, and captures screenshots. Infection occurs when a victim opens a malicious LNK file on a USB drive, triggering the malware to execute and spread to other connected devices. The malware uses the Tor network to conceal communication and can capture seed phrases and private keys. Microsoft has identified the infection process and provided indicators of compromise.

💡 Crypto theft can be particularly devastating due to the irreversible nature of transactions. Malware that can stealthily replace wallet addresses poses a significant threat to individual investors and the broader cryptocurrency market.

bitcoinworld.co.in · Jun 18

RippleX Engineer Details XRPL Security Upgrade to Counter Quantum Computing Threats

Ayo Akinyele, Chief Engineer at RippleX, has outlined a security upgrade strategy to protect the XRP Ledger (XRPL) from threats posed by quantum computing and artificial intelligence. The upgrade, which has been in development since 2024-2025, involves implementing a hybrid signature method that allows the blockchain to operate normally under standard conditions but switch to a protected cryptographic stack if a quantum attack is detected. This approach balances security with operational continuity and avoids the performance overhead of running full quantum-resistant cryptography at all times.

💡 The XRPL's proactive approach to quantum readiness sets a precedent for the broader crypto ecosystem, which relies heavily on public-key cryptography. By committing to a hybrid implementation that allows for real-time switching, RippleX is treating quantum threats as an immediate engineering priority, providing clarity for businesses and developers building on the network.

analyticsinsight.net · Jun 14

Why Some Ethereum Layer 2s are Thriving While Others Lose Relevance

Ethereum Layer 2 networks, designed to alleviate high fees and slow transaction speeds on the main Ethereum chain, have undergone significant changes. A few years ago, numerous new projects entered the market, but today, only a small number continue to grow, while many others struggle to attract users and developers. Recent data shows that Base has become the largest Ethereum Layer 2 network by DeFi total value locked (TVL), holding approximately 46.6% of all Layer 2 DeFi TVL. Arbitrum and Optimism also remain major players, with Arbitrum controlling around 30.9% of Layer 2 DeFi TVL.

💡 The consolidation of Ethereum Layer 2 networks highlights the importance of ecosystem strength and developer support in determining a project's long-term success. The dominance of Base and Arbitrum underscores the value of established partnerships and reputation in attracting users and capital, while Optimism's broader approach demonstrates the potential benefits of collaborating with other chains to drive innovation and growth.