Hut 8 co‑founder Marc van der Chijs warns that unchecked AI development could destabilize banking and infrastructure, predicts massive job automation, and has shifted investment from bitcoin to AI while still favoring bitcoin as a lifelong asset.
Hut 8 co‑founder Marc van der Chijs says competition among companies and nations has accelerated artificial‑intelligence development beyond human control, raising the risk of systemic shocks to financial systems and critical infrastructure. He warns that "we have lost control" and that AI could expose vulnerabilities in legacy banking software, threatening confidence in interconnected institutions. He predicts AI and robotics could eventually perform 90 % to 95 % of existing jobs, driving sharp cost declines and prompting governments to consider new revenue sources such as taxes on robots or AI token usage. Van der Chijs notes that locally run models could complicate tax collection. Van der Chijs has sold a large portion of his bitcoin to invest in AI, describing AI data‑center projects as a stronger business case than bitcoin mining. Nonetheless, he still regards bitcoin as the single asset he would hold for life and is allocating some AI profits back into crypto via exchange‑traded funds. He cites similar concerns from Anthropic CEO Dario Amodei about rapid, recursive AI progress and the lack of international guardrails, and acknowledges that the available reporting on these views is limited.