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Arthur Hayes: Trillions 'wasted' on AI boom, predicts crash and crypto surge
Former BitMEX CEO Arthur Hayes believes the AI infrastructure boom is being overbuilt, leading to a multi-trillion dollar waste. He predicts an eventual crash and bailout, likely in late 2027 or 2028, which will send crypto prices higher as excess liquidity seeks an outlet. Hayes, also co-founder of Maelstrom, bases his view on historical patterns of technological rollouts, which consistently involve overbuilding, crashes, and subsequent bailouts. He is also launching a new crypto venture, Flop, in Q1 2027, an AI-agent payments project aimed at creating a spot market for computing power.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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