Jimmy Song says Bitcoin is better money, not tech, calls all altcoins scams

Bitcoin Core developer and maximalist Jimmy Song stated in a recent interview with Cointelegraph that the biggest misconception about Bitcoin is viewing it as a technology. He argued that Bitcoin should be understood as a form of better money, not better technology. Song added that he still considers all altcoins to be scams, expressing surprise that investors seem unconcerned when projects like Ethereum (ETH) and Solana (SOL) suffer hacking attacks. He suggested this indicates a preference for gambling over saving. He believes that while Bitcoin is currently outperforming altcoins, its ultimate victory will be achieved only when it becomes the world's reserve currency. Song also drew a parallel between the current state of AI and Bitcoin during its GPU mining era from 2010 to 2012. He predicted that the emergence of specialized chips, similar to ASICs, will drastically improve AI efficiency. As a result, he assessed that computing resources and capital now concentrated in AI will eventually shift back to Bitcoin, which he described as the most trustworthy asset.