# @chamath: Bitcoin faces structural headwinds from prediction markets and AI

Source: https://x.com/chamath/status/2078881723555647642?s=12
Kiwi News: https://news.kiwistand.com/stories/chamath-Bitcoin-faces-structural-headwinds-from-prediction-markets-and-AI?index=0x6a5daa2a075ca92605efc62d6704c11712fb09e5135181547e414e28565c61e6b5c45ab3
Submitted by tim on 2026-07-20 UTC, 2 upvotes, 0 comments

There are two problems rn for crypto and, specifically, bitcoin bulls:

1) marginal liquidity would rather speculate in prediction markets and equity markets 

2) marginal energy to mine BTC is worth 10-20x if reallocated to serving AI tokens 

These changes feel structural but I could be wrong…