AI overbuild may set the stage for a Bitcoin surge.
Hayes told CNBC at the Gamma Prime Investing Conference in Singapore that humanity is “wasting multi‑trillion dollars” on AI data centers.
He said the build‑out will leave compute power “extremely cheap and extremely plentiful,” and that every major tech rollout historically ends in overbuilding, a crash and a bailout.
Hayes believes Bitcoin and other crypto will absorb the excess liquidity when the bailout arrives, urging investors to be patient.
He cited SpaceX, OpenAI and Anthropic as major AI users, noting Anthropic’s prospectus shows 2025 revenue of $4.6 billion (up from $400 million) with net losses near $42 billion, including a $34 billion non‑cash charge, and compute costs of $7.33 billion out of $12.65 billion operating expenses.
He expects infrastructure providers to seek payment for committed compute in late 2027 or 2028, while leaving open the chance AI becomes “so useful” within the next 12 months, with suppliers like Nvidia already earning revenue.
Hayes also warned that AI compute demand backs more than $1 trillion of investment‑grade debt, and a downgrade could force insurers short of capital, prompting Washington to intervene, and he previously projected a bailout larger than 2008 that could push Bitcoin near $1 million.
Do you think a massive AI bailout could truly drive Bitcoin to new highs?
#AI #Bitcoin #Crypto #DataCenters #FinTech
Hayes told CNBC at the Gamma Prime Investing Conference in Singapore that humanity is “wasting multi‑trillion dollars” on AI data centers.
He said the build‑out will leave compute power “extremely cheap and extremely plentiful,” and that every major tech rollout historically ends in overbuilding, a crash and a bailout.
Hayes believes Bitcoin and other crypto will absorb the excess liquidity when the bailout arrives, urging investors to be patient.
He cited SpaceX, OpenAI and Anthropic as major AI users, noting Anthropic’s prospectus shows 2025 revenue of $4.6 billion (up from $400 million) with net losses near $42 billion, including a $34 billion non‑cash charge, and compute costs of $7.33 billion out of $12.65 billion operating expenses.
He expects infrastructure providers to seek payment for committed compute in late 2027 or 2028, while leaving open the chance AI becomes “so useful” within the next 12 months, with suppliers like Nvidia already earning revenue.
Hayes also warned that AI compute demand backs more than $1 trillion of investment‑grade debt, and a downgrade could force insurers short of capital, prompting Washington to intervene, and he previously projected a bailout larger than 2008 that could push Bitcoin near $1 million.
Do you think a massive AI bailout could truly drive Bitcoin to new highs?
#AI #Bitcoin #Crypto #DataCenters #FinTech