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AI Boom Criticized by Crypto Proponent

Updated 2026-10-07 01:10 UTC 1 source Negative

Former BitMEX CEO Arthur Hayes criticizes the AI infrastructure boom as overbuilt and bets on a crypto crash to send prices higher.

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Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next

Former BitMEX CEO Arthur Hayes says the AI infrastructure boom is being overbuilt and is betting an eventual crash and bailout will send crypto higher.

2026-10-07 00:49 UTC