BitMEX founder Arthur Hayes asserts that Bitcoin could experience a historic surge if the financial bubble he believes is forming in the artificial intelligence sector bursts. According to Hayes, a potential AI bubble crash around 2028 could trigger economic conditions that would push Bitcoin's price above $1 million.
Hayes stated in his assessment that the real risk in the AI sector lies not with the technology companies themselves, but with the bubbles forming in real estate and lending markets. He said the data centers for AI being rapidly built today largely represent a form of real estate development and financing.
Hayes claimed that if the large loans for constructing data centers and their necessary energy infrastructure are not repaid in the coming years, it could put serious pressure on the financial system, suggesting this process could escalate into a credit crisis similar to the 2008 global financial crisis.
Hayes stated that in this scenario, which he forecasts to occur between 2026 and 2028, banks and financial institutions could face credit risks related to their AI investments. He argued that in such a situation, governments might once again resort to large-scale monetary policies to support the economy.
Hayes noted that one reason for Bitcoin's recent price pressure is the flow of investor capital into the artificial intelligence sector, but added that despite this, BTC has begun forming a solid base in the $60,000 to $70,000 range. The well-known investor predicted that even in the worst case, Bitcoin might drop to around $50,000 before resuming an upward trend.
According to Hayes, during a potential AI sector crisis, the U.S. government could launch money printing programs on a scale even surpassing that of the 2008 financial crisis to rescue banks and AI companies. Arguing that this would weaken the dollar's purchasing power and push investors towards alternative assets, Hayes stated that Bitcoin would serve as an indicator that accounts for currency devaluation and the disruption of capital allocation during this process.
*This is not investment advice.
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