Market News / Story
Possible AI Crash Bullish for Bitcoin, Hayes Says
U.Today ·
U.Today reports: Former BitMEX CEO Arthur Hayes believes the AI investment mania will be a major positive catalyst for Bitcoin if it ends up crashing down. In an interview with CNBC at the Gamma Prime Investing Conference in Singapore, Hayes said that the excessive investments pouring into AI data centers are ripe for an oversupply. The current investment mania in AI is a multitrillion-dollar case of capital misallocation, said Hayes. At the end of the day, all this means is that we will…