Arthur Hayes says the Al boom is a bitcoin trade in disguise.
The BitMEX co-founder called Al model companies worthless and argued that an implicit US government backstop lets OpenAl and Anthropic keep burning cash.
His logic: the bigger the bubble, the bigger the eventual bailout, and the higher bitcoin goes.
The timing is loud, with chip stocks on an eight-day losing streak, their longest since 2008.
The catch is that a bailout usually needs a crash first, and crashes rarely spare $BTC
#BTC Price Analysis#
The BitMEX co-founder called Al model companies worthless and argued that an implicit US government backstop lets OpenAl and Anthropic keep burning cash.
His logic: the bigger the bubble, the bigger the eventual bailout, and the higher bitcoin goes.
The timing is loud, with chip stocks on an eight-day losing streak, their longest since 2008.
The catch is that a bailout usually needs a crash first, and crashes rarely spare $BTC
#BTC Price Analysis#