Market News / Story
Arthur Hayes Says AI 'Crash' and Subsequent 'Bailout' Could Spark Bitcoin's Best Performance: 'Just Have to Be Patient'
Benzinga ·
Benzinga reports: Arthur Hayes , co-founder of BitMEX , said excessive AI investment could eventually trigger a crash and a government bailout that sends Bitcoin and other cryptocurrencies higher. Hayes, also the co-founder of crypto investment firm Maelstrom , said humanity is "wasting multi-trillion dollars" building AI data centers. Speaking to CNBC at the Gamma Prime Investing Conference in Singapore on Tuesday, Hayes stated that he expects the construction surge to create “extremely”…