BitMEX founder Arthur Hayes argued that Bitcoin could experience a historic surge if the financial bubble he suggests is forming in the AI sector bursts. According to Hayes, a potential AI bubble collapse around 2028 could trigger economic conditions that push the Bitcoin price above $1 million. Hayes stated in his assessment that the real risk in the artificial intelligence sector is not the technology companies themselves, but rather the bubbles forming in the real estate and credit markets. According to him, the AI data centers being rapidly constructed today largely constitute a form of real estate development and financing activity. Hayes stated that if large-scale loans for data centers and their required energy infrastructure cannot be repaid in the coming years, it could put serious pressure on the financial system, suggesting that this process could turn into a credit crunch similar to the 2008 global financial crisis. Hayes stated that in this scenario, which he expects to occur between 2026 and 2028, banks and financial institutions could face credit risks associated with AI investments. He argued that in such an environment, governments might once again resort to large-scale monetary expansion policies to support the economy. Hayes stated that one of the reasons Bitcoin has been under pressure recently is the shift of investor capital towards the artificial intelligence sector, but added that BTC is nevertheless beginning to establish a strong base between $60,000 and $70,000. The renowned investor predicted that even in the worst-case scenario, Bitcoin could fall to around $50,000 before entering an upward trend again. According to Hayes, during a potential AI crisis, the US government could implement money printing programs on a scale even larger than that of the 2008 financial crisis to bail out banks and AI companies. Arguing that this would weaken the purchasing power of the dollar and drive investors towards alternative assets, Hayes stated that Bitcoin would serve as an indicator, pricing in the devaluation of currencies and the disruption in capital allocation during this process. *This is not investment advice. Continue Reading: BitMEX Founder Arthur Hayes Gives a Date: ‘If the AI Bubble Bursts, Bitcoin Could Reach $1 Million!’ Here Are the Details
