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AI’s Bitcoin Moment: Why the Open-Source Fight Looks Like Crypto Back in 2014

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Jul 7, 2026 at 20:00
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Brownstone Research’s Ben Lilly argues that open-source AI is following Bitcoin’s early regulatory battle and says decentralized AI projects could offer investors a “Bitcoin in 2014” opportunity as governments attempt to restrict open models. A new installment of Chain of Thought, the Brownstone Research newsletter written by Ben Lilly, argues that the battle over open-source artificial intelligence is following the same path Bitcoin walked a decade ago, and that investors who recognize the pattern stand to profit. The note opens with testimony that Anthropic CEO Dario Amodei gave to Congress in July 2023. Amodei acknowledged that open source is “a good thing” in most scientific fields and that the...

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