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Cobra Warns AI Threatens Bitcoin Self-Custody as Winter Looms

By Sergio Goschenko

The pseudonymous owner and maintainer of the bitcoin.org domain stated he had never seen bitcoiners so demoralized, highlighting that the recent bear market was brutal. Cobra pointed out several tailwinds for bitcoin’s future, stressing that owning bitcoin is extremely risky right now. Bitcoin.org Steward Cobra…

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Bear market

A period in which market prices fall substantially, commonly defined as a drop of 20 percent or more from a recent high.

Bear markets often signal economic worries and reduce the value of investments.

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