Arthur Hayes predicts AI bubble burst could spark Bitcoin bull market

BitMEX co‑founder Arthur Hayes argues that the current surge in AI infrastructure spending resembles the credit expansion that preceded the 2008 financial crisis rather than the dot‑com boom. In his essay, he classifies AI data‑center and power‑grid investments as real‑estate‑like assets, warning that a collapse of this “AI bubble” would trigger a credit‑cycle correction.

Hayes says such a correction would likely prompt central banks to adopt aggressive monetary easing, flooding markets with liquidity. He contends that this influx would revive risk assets, especially Bitcoin, potentially launching a new crypto bull cycle that he describes as “super‑printing.”