The latest episode of Cointelegraph’s Crypto Trading Secrets podcast features an interview with renowned crypto trader Mohit Sorout. Host Benjamin Pirus delves into various topics, including the future of Bitcoin and the possible scenarios that could lead to its extinction. Sorout highlights two potential risks.
Firstly, Sorout suggests that if someone were to find a way to crack seed phrases and develop a supercomputer, it could potentially expose vulnerabilities in Bitcoin. There have been rumors in the past about the possibility of building a supercomputer that calculates at an incredibly fast speed, enabling the cracking of a seed phrase within a shorter period of time.
The rapid advancement of technology, particularly artificial intelligence, has raised concerns about the disruption it may cause in the current technological ecosystem. No technology, even Bitcoin, is exempt from this discussion.
Adding to his previous point, Sorout mentions the second significant risk: if individuals were to gain control of the hash power and attack the Bitcoin chain itself. He emphasizes that while he believes these scenarios are highly unlikely, they remain pivotal factors to consider.
Despite highlighting these risks, Sorout asserts that the more time Bitcoin exists, the greater its chances of survival become. He references the Lindy effect, which suggests that the longer something has existed, the longer it is likely to exist in the future.
Beyond discussing Bitcoin’s potential extinction, the interview covers a range of other interesting topics, including Sorout’s background in crypto trading.
Listen to this captivating episode and explore additional episodes from Cointelegraph’s Crypto Trading Secrets podcast on Cointelegraph’s podcast page, Apple Podcasts, Spotify, Google Podcasts, or TuneIn.
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Please note that this article is for general informational purposes and should not be regarded as legal or investment advice. The views expressed here are solely those of the author and do not necessarily reflect or represent the views and opinions of Cointelegraph.