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Arthur Hayes predicts AI boom crash and bailout will boost crypto

Former BitMEX CEO Arthur Hayes says humanity is wasting trillions of dollars on artificial intelligence data centers, predicting an inevitable crash and bailout cycle that will lift crypto markets.

Arthur Hayes gesturing with his hands while speaking on a conference stage.
Image: @CryptoWendyO

Former BitMEX CEO Arthur Hayes expects the artificial intelligence infrastructure boom to collapse before an eventual bailout fuels the next rally in crypto markets, according to CNBC. Speaking in response to questions from the network at the Gamma Prime Investing Conference in Singapore, Hayes asserted that humanity is "wasting multi-trillion dollars" on constructing AI data centers.[2][3]

Hayes, who is co-founder and chief investment officer of crypto investment firm Maelstrom, argued that the pattern mirrors past market cycles. Pointing to financial history, he stated that every major technological rollout is overbuilt and inevitably followed by a crash and a bailout. Rather than riding the current wave of infrastructure spending, Hayes said he is betting on what follows the boom.[2][3]

Key facts

  • Arthur Hayes stated that humanity is "wasting multi-trillion dollars" on building AI data centers.
  • Hayes predicted the AI boom will result in overinvestment, a crash, and an eventual bailout that will send crypto higher.
  • Hayes asserted that financial history shows every major technological rollout is overbuilt and always followed by a crash and a bailout.
  • The remarks were made in response to CNBC at the Gamma Prime Investing Conference in Singapore.
  • Hayes is the co-founder and chief investment officer of crypto investment firm Maelstrom and the former CEO of BitMEX.

Sources · 3 sources

  1. TW

    The Wolf Of All Streets@scottmelkerPost on X ·

    ARTHUR HAYES SAYS TRILLIONS ARE BEING WASTED ON AI DATA CENTERS AND EXPECTS THE BOOM TO END IN A CRASH AND BAILOUT THAT SENDS BITCOIN $BTC AND CRYPTO HIGHER

    Open source
  2. CN

    CNBC@CNBCPost on X ·

    Former BitMEX CEO Arthur Hayes is betting that the artificial intelligence boom will eventually produce a familiar outcome: too much investment, a crash and, ultimately, a bailout that sends crypto higher. Hayes, co-founder and chief investment officer of crypto investment firm Maelstrom, said in response to questions from CNBC at the Gamma Prime Investing Conference in Singapore that humanity is “wasting multi-trillion dollars” on building AI data centers: https://t.co/axZAVrICDu

    Open source
  3. CN

    CNBC@CNBCPost on X ·

    Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next https://t.co/q1j3ndyIhl

    Open source
  4. WO

    Wendy O@CryptoWendyOPost on X ·

    HUGE: Arthur Hayes says the AI infrastructure boom could end in a crash that ultimately boosts Bitcoin and crypto https://t.co/KOvwkeG5gT

    Open source