CZ Says AI Won’t Threaten Bitcoin as Data Leaks Put Users at Risk Near $81K Support

Bitcoin News: CZ Says AI Cannot Crack Bitcoin as BTC Defends $81,000 Support

Binance founder Changpeng “CZ” Zhao said on Friday, October 23, that concerns about AI hacking cryptocurrency systems are largely misplaced. While internet services and banking platforms rely on similar or weaker encryption methods, he warned that artificial intelligence is already increasing the risks of phishing attacks and social engineering. His comments became a major Bitcoin news topic as BTC traded at $81,817, down 0.8% over the previous 24 hours.

Bitcoin remained above the $81,000 mark overnight, while large wallets continued accumulating the cryptocurrency. This raises two key questions: How serious are the threats posed by AI and quantum computing, and what could trigger Bitcoin’s next recovery?

Bitcoin News: Can AI and Quantum Computing Threaten Bitcoin?

For now, Bitcoin’s underlying cryptography remains secure against AI attacks. Artificial intelligence can identify software vulnerabilities and generate highly convincing scams, but it cannot currently solve the mathematical problems protecting Bitcoin private keys.

CZ highlighted that the public-key cryptography securing Bitcoin is also used across internet communications and online banking. A machine capable of breaking Bitcoin’s cryptographic keys would threaten these systems as well.

Quantum computing represents a more significant long-term concern. Although no existing quantum computer can break Bitcoin’s digital signatures, the Quantum Alliance, a coalition of nine crypto companies, estimates that 6.4 million BTC, or roughly 30% of the total supply, are held in addresses with publicly exposed keys. This group includes coins believed to belong to Bitcoin creator Satoshi Nakamoto.

Experts remain divided over when quantum computers might become powerful enough to compromise current cryptographic standards. Richard Carback, CTO of Postquant Labs, considers 2028 a plausible target for such a breakthrough, while other specialists have avoided predicting a specific date.

Bitcoin developers are also examining BIP-360, a proposal designed to introduce quantum-resistant addresses. However, the proposal remains in the draft stage.

The immediate danger is less about breaking Bitcoin’s code and more about exploiting its users. With access to leaked email addresses, phone numbers and purchase records, scammers can create personalized messages that appear to come from legitimate cryptocurrency exchanges or wallet providers. AI makes these campaigns easier to scale and more difficult to identify.

Research supports CZ’s concerns. According to Chainalysis, AI-powered scams generated 4.5 times more revenue per scam than traditional schemes in 2025, while impersonation scams increased by more than 1,400%. Overall cryptocurrency scam revenue was estimated at $17 billion.

This was CZ’s second security warning within three days. On Wednesday, he urged users to exercise caution across websites after two critical PHP vulnerabilities exposed millions of servers to potential attacks.

Bitcoin Price Analysis: Can BTC Rebound From $81,000?

Bitcoin buyers have defended the $81,000 support area twice in two days. BTC briefly fell to $80,940 on Thursday and $81,118 on Friday, holding above its 50-day exponential moving average (EMA) at $80,880 on both occasions.

Large holders also appear to be accumulating BTC. Since October 1, 40 newly created wallets have withdrawn 9,458 BTC, valued at approximately $771.5 million, from market maker Wintermute. Although newly created wallets do not necessarily represent fresh buyers, the withdrawals are consistent with a pattern of continued accumulation.

The first major resistance zone lies between $82,100 and $82,850, where the four-hour moving averages converge with the previous swing high. A move above this range could improve short-term momentum.

Bitcoin would need to reclaim $84,900, Wednesday’s high, to establish a more convincing recovery. On the downside, a daily close below $80,394 could expose the 200-day EMA near $76,200.

What Are the Main Factors That Could Move Bitcoin Next?

Oil prices and tensions involving Iran remain key risks. Brent crude is trading near $114 per barrel as the Strait of Hormuz remains largely closed and the U.S. blockade of Iranian oil continues. The New York Times reported this week that U.S. and Israeli forces have developed plans to resume strikes against Iran following the midterm elections, although no decision has been approved.

Federal Reserve policy is another major obstacle. Expectations for interest-rate cuts have faded following the Fed’s September rate increase, which brought the target range to 3.75%–4.00%. Data compiled by DeFi Rate from prediction markets indicates that traders see approximately a 94% probability of rates remaining unchanged at the October 28 meeting, while the odds of another increase in December exceed 70%. Elevated interest rates could continue weighing on Bitcoin and other risk assets.

The November 3 midterm elections could also influence crypto sentiment. Polymarket assigns Democrats a 92.5% probability of winning the House of Representatives and a 68.5% chance of capturing the Senate. If Democrats control Congress while Republicans retain the White House, advancing new cryptocurrency legislation could become more difficult next year.

AI is unlikely to crack Bitcoin’s cryptography in the immediate future, but security risks for individual users are already growing. For BTC’s price, the more immediate catalysts remain oil market volatility, Federal Reserve policy and the U.S. midterm elections, now just 11 days away.

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