Arthur Hayes bets an AI infrastructure crash will lift crypto

The former BitMEX CEO says companies are building more AI infrastructure than needed and expects a crash followed by a government bailout. According to Quartz, Hayes compares the spending with earlier technology investment cycles that ended in similar downturns. His bet is that the aftermath will push cryptocurrency prices higher.

Covered by 2 publishers within 11 hours of the first report.

• Quartz: Ex-BitMEX CEO Arthur Hayes is betting the AI data center boom will crash and boost bitcoin

Reporting2

CN CNBC Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next 8:49 PM

QZ Quartz Ex-BitMEX CEO Arthur Hayes is betting the AI data center boom will crash and boost bitcoin · Cris Tolomia 8:18 AM

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Topics Data centersCrypto