Arthur Hayes: The AI Bubble Could Trigger a Larger Financial Crisis in 2028

On August 22, 2026, BitMEX co-founder Arthur Hayes said in an interview with Unchained that once the market begins to question the returns on AI capital expenditures, the financing cycle could reverse, potentially triggering a financial crisis around 2028 that is more severe than the 2008 crisis.

At that point, governments may still respond with large-scale money printing to stabilize the markets. This, he argues, is the core logic behind why Bitcoin could ultimately benefit significantly from the bursting of the AI bubble.