Arthur Hayes Ties AI Bubble Size to Potential Bitcoin (BTC) Gains
Photo: TokenPost
BitMEX co-founder Arthur Hayes linked Bitcoin’s potential gains to the size of the artificial intelligence investment bubble, arguing the crypto asset could rise more if the boom grows larger. Hayes made the comments on the Convergence program on Oct. 16. He said OpenAI, Anthropic and SpaceX were not profitable, and that AI model companies rely on debt and equity financing as well as implicit U.S. government support. Hayes argued that a larger AI bubble could lead to larger rescue efforts, with Bitcoin gaining as a result. He described Bitcoin as a way to reflect wasteful spending.
Source: TokenPost
