Arthur Hayes says the AI boom is a bitcoin trade in disguise. the BitMEX co-founder called AI model companies worthless and argued that an implicit US government backstop lets OpenAI 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#