Arthur Hayes Sees AI Debt Collapse as BTC’s Path to $1M: Can Bitcoin Explode by 2027?
In Bitcoin news today, BitMEX co-founder and Maelstrom Chief Investment Officer Arthur Hayes has made his most direct Bitcoin price prediction yet: $1M per coin, driven not by a crypto-native catalyst but by the collapse of what he calls the largest credit bubble in modern history. The mechanism he describes is the AI infrastructure buildout, and the trail of debt financing it leaves behind.
Hayes argues that Bitcoin’s path to $1M runs through a financial crisis, not around one, and that crisis hasn’t happened yet. In a podcast appearance and subsequent letter to his readers, the BitMEX co-founder believes that a 2008-style crash could benefit Bitcoin in a big way.
This bombshell dropped as Bitcoin currently trades for $64,100, up just under +1% over the past 24 hours but still down -0.5% over the past week. Daily trading volume for BTC sits at $22.7Bn.
Arthur Hayes: AI Bubble May Resemble 2008 Credit Crisis, Bitcoin Could Benefit From Monetary Easing
BitMEX co-founder Arthur Hayes published a new essay, Situationship, arguing that the AI investment boom resembles a real estate buildout rather than a traditional technology… pic.twitter.com/0nmw1cnwk2
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