Arthur Hayes Calls AI Spending Wasted As He Builds Flop
He said a debt-driven AI downturn could force policy easing, with Bitcoin rising as excess liquidity returns to markets.
- Maelstrom CIO Arthur Hayes predicts Bitcoin could reach $1 million by 2030, anticipating that a crash in debt-funded AI infrastructure will force governments to inject liquidity into financial markets.
- Hayes claimed humanity is "wasting multi-trillion dollars" on data center construction, arguing that historical technological rollouts inevitably lead to crashes requiring government bailouts to stabilize the financial system.
- Major AI-related companies like OpenAI, Anthropic, and SpaceX are not yet profitable, Hayes noted, while infrastructure lenders face risks if data center revenues fail to cover debt obligations.
- Seeking to facilitate AI-agent payments, Hayes introduced his new project, Flop, which aims to create a spot market for computing power where participants earn tokens for providing GPUs.
- The strongest Bitcoin advance could arrive in late 2027 or 2028, according to Hayes, who acknowledged a bull case where artificial intelligence becomes "so useful" over the next 12 months that companies achieve profitability.
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Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin to $1 million by 2030? Arthur Hayes outlines AI credit risks
Arthur Hayes has reiterated his forecast that Bitcoin could reach $1 million by 2030, linking a potential acceleration in late 2027 or early 2028 to stress in debt-funded artificial intelligence infrastructure. Walter Bloomberg, the financial news account on X, reported…
(Seoul = Yonhap News) Reporter Park Soo-hyun = Arthur Hayes Maelstrom, Chief Investment Officer (CIO) and a famous virtual asset investor, stated that investing in artificial intelligence (AI) is a waste, and Bit...
Arthur Hayes Bets AI Infrastructure Boom Will End in Crash, Bailout and Crypto Surge
Former BitMEX CEO Arthur Hayes is betting that the artificial intelligence boom will follow a familiar pattern in financial history: massive investment, excessive capacity, a sharp correction, and eventually a policy response that floods markets with liquidity, creating a powerful tailwind for bitcoin and other cryptocurrencies. Hayes, co-founder and chief investment officer of crypto investment […]
CryptoTendency Arthur Hayes says billions are wasted on AI data centers and foresees a rescue that would boost bitcoin. The Arthur Hayes entry anticipates an AI crash and bet on cheap computing was first published in CryptoTendence.
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