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Hayes says the AI infrastructure buildout mirrors past technology overbuild cycles that ended in crashes and government bailouts
Former BitMEX CEO Arthur Hayes is betting that the artificial intelligence boom will follow a familiar pattern in financial history: massive investment, excessive capacity, a sharp correction, and eventually a policy response that floods markets with liquidity, creating a powerful tailwind for bitcoin and other…
Arthur Hayes, former BitMEX CEO, says the AI boom is wasting trillions of dollars on data-centre capacity. He expects the overbuild to trigger an AI infrastructure crash and government bailout around late 2027 or 2028, with excess liquidity potentially boosting Bitcoin and cryptocurrencies.