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Ad Home / Crypto News / BitGo CEO Mike Belshe Rejects Claim That AI Can Break Bitcoin BitGo CEO Mike Belshe Rejects Claim That AI Can Break Bitcoin 08 Oct, 2026 By Varinder Singh Varinder Singh
Expertise : Bitcoin, Crypto, Global Macro, DeFi, Blockchain, Web3, US Stocks, AI, Regulations and Lawsuits, & More Varinder is a seasoned leader in the fintech and crypto media with over 13 years of experience, including over 7 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers. Read full bio Copied! Why Trust CoinGape CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Highlights
BitGo CEO Mike Belshe has rejected the claim that artificial intelligence (AI) will break Bitcoin’s cryptography. However, he agreed with concerns over the need to protect crypto wallets now for post-quantum risks
On October 8, Belshe reacted to Bitcoin security researcher Justin Drake’s call to begin planning for “bunker mode” and transfer crypto assets to new addresses. Belshe agreed with Drake’s conclusion to protect wallets now but disagrees with the thesis that AI will crack Bitcoin
He noted that BitGo has implemented a Quantum Resistance Score that shows what percentage of a crypto wallet is protected and how many Bitcoin wallet addresses are exposed
The features also include a one-click fix that moves funds into fresh, unexposed addresses, and an updated UTXO selection algorithm optimized for quantum resistance rather than only for fees
Notably, Bitcoin addresses such as standard legacy (P2PKH) and modern SegWit formats are obfuscated by cryptographic hashing rather than exposing raw public keys to the public ledger
As CoinGape reported recently, BitGo’s institutional client base grew from 4,621 to 5,833 in Q2 2026, while normalized assets increased from $49.6 billion to $65.2 billion. Banks use BitGo’s Crypto-as-a-Service models to integrate digital assets while retaining control over security, governance, and compliance
Mike Belshe earlier challenged Anthropic to hack a wallet holding 100 BTC, sharing the address as proof after disputing AI hacking claims earlier this year. Belshe’s latest response separates that urgency about key hygiene from the stronger claim that AI has already put Bitcoin’s signatures on a short clock
Ethereum co-founder Vitalik Buterin warns AI-accelerated maths could weaken lattice-based cryptography in 2 years. Not only quantum-vulnerable crypto schemes like ECDSA but lattice-based cryptography like ML-DSA and FHE are also under risks
Buterin said Ethereum has focused on a “hash-only” direction rather than lattices. He claimed that hash-based methods are more resistant to AI-accelerated attacks. Vitalik Buterin advises off-chain multisig confirmations and fresh addresses to minimize AI risks
Meanwhile, Europol urged crypto industry to begin preparing for quantum computing threats early. The agency warned that crypto wallets are the primary point of exposure to quantum attacks
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information
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