Crypto trader weighs in on possible Bitcoin extinction scenarios By Cointelegraph

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Crypto trader weighs in on possible Bitcoin extinction scenarios

Published Aug 01, 2023 12:20PM ET Updated Aug 02, 2023 01:40AM ET

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Crypto trader weighs in on possible Bitcoin extinction scenarios

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Episode 11 of Cointelegraph’s Crypto Trading Secrets podcast is now live, welcoming crypto trader Mohit Sorout for an interview that took place on July 21. Host Benjamin Pirus asked Sorout several questions, including one regarding Bitcoin’s (BTC) future and what scenario, if any, could lead to its extinction. Sorout suggested two different possibilities.

According to the trader, “If somebody figured out a way to crack seed phrases, if they built a supercomputer,” it could potentially lead to vulnerabilities in Bitcoin. “There have been some rumors in the past. People say, ‘Oh, and they could build such a supercomputer that calculates at X amount of speed, then you could crack a seed phrase within a shorter period of time.’”

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