AI Won’t Kill Bitcoin Mining, Says Analyst Van de Poppe as Hash Rate Stays Strong
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Analyst Michaël van de Poppe calls the “AI will kill Bitcoin mining” narrative baseless, framing it as typical bear-market fear and defending crypto adoption and network security. Bitcoin hash rate reached an ATH above 1.2 ZH/s in 2025 and remains near record levels in 2026, signaling continued mining commitment and strong network security. Economic pressure on miners is high: production costs ~ $79,995 per BTC, meaning miners are losing about $19,000 per coin produced, a short-term financial risk for mining operations.
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- Analyst Van de Poppe calls the AI-kills-Bitcoin narrative typical bear market fear.
- Bitcoin hash rate hit an ATH above 1.2 ZH/s in 2025, holding near record levels in 2026
- Data shows miners are losing $19,000 per coin produced as production costs hit $79,995.
Every bear market produces a headline scary enough to make people panic sell. In 2026, that headline is this: artificial intelligence will kill Bitcoin mining because data centres will stop running it. Crypto Analyst Michaël van de Poppe is not buying it for a second.
The Claim and Why Van de Poppe Rejects It
The theory goes that as AI companies compete for data centre capacity and energy, Bitcoin miners will be squeezed out. Less mining means less security, a weaker network, and eventually the end of Bitcoin as we know it.
Van de Poppe called it “absolutely bullshit,” adding that statements like this a…
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Coins
$ 62.16K
-6.89%$ 0.00484
-10.1%$ 0.00483
-11.3%Predictions Markets
See what traders are focused on
Share:
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