Arthur Hayes fires up again. He said that after the AI lab’s Safety First slows down, the U.S. government has only two options left: either step in as the buyer of last resort for compute power, or backstop the insurance companies being crushed by AI-related debt. In the end, both paths involve printing money, and the more money there is, the more Bitcoin benefits. He also cited data from independent accountants, saying that after the separation of affiliated reinsurance, among the top 30 U.S. insurance companies, 29 are already insolvent.