BitGo CEO Mike Belshe has rejected the claim that artificial intelligence will compromise Bitcoin's cryptographic security, though he agrees with concerns about preparing for potential quantum computing risks.
On October 8, Belshe responded to Bitcoin security researcher Justin Drake's recommendations for wallet protection planning and asset transfers to new addresses. While Belshe supports Drake's conclusion that wallet protection should begin now, he disagrees that AI poses an immediate cryptographic threat to Bitcoin.
BitGo has introduced a Quantum Resistance Score tool that measures what percentage of a crypto wallet is protected against quantum threats and identifies exposed Bitcoin addresses. The platform also offers a one-click feature to move funds into fresh addresses and an updated UTXO selection algorithm designed to optimize for quantum resistance.
Bitcoin addresses in standard legacy and modern SegWit formats are protected by cryptographic hashing that obscures raw public keys from the public ledger, Belshe noted.
Earlier this year, Belshe challenged artificial intelligence systems to hack a wallet holding 100 BTC as a test of AI hacking claims. His latest response distinguishes between the practical importance of key management and broader claims about immediate AI threats to Bitcoin security.
Other industry figures have raised quantum-related concerns. Ethereum co-founder Vitalik Buterin has warned that AI-accelerated mathematical advances could weaken lattice-based cryptography within two years. Buterin indicated that Ethereum has pursued hash-based methods, which he views as more resistant to AI-accelerated attacks, and recommends off-chain multisig confirmations and fresh addresses to reduce quantum risks.
Europol has urged the crypto industry to prepare early for quantum computing threats, identifying crypto wallets as a primary vulnerability point.
BitGo's institutional client base expanded from 4,621 to 5,833 in Q2 2026, with normalized assets increasing from $49.6 billion to $65.2 billion during the same period.
