Arthur Hayes Says Bitcoin Could Reach $1 Million After AI Bubble Bursts
Summary
- Arthur Hayes said Bitcoin (BTC) could rise to $1 million after the AI market bubble bursts.
- Hayes said central bank liquidity has shifted into AI infrastructure, affecting the Bitcoin market.
- He said Bitcoin could post a sharp rally if the Federal Reserve (Fed) resumes large-scale liquidity injections after the AI bubble collapses.
Forecast Trend Report by Period
BitMEX co-founder Arthur Hayes said Bitcoin could rise to $1 million after the artificial intelligence bubble bursts.
CryptoSlate reported on June 24 that Hayes made the remarks on the Bankless podcast. He said about $1.5 trillion in AI-related debt was issued from November 2022 through mid-2026, a figure that nearly matches the increase in the U.S. M2 money supply over the same period.
Hayes argued that massive central bank liquidity flowed into AI infrastructure, including data centers and GPU clusters, rather than into the Bitcoin market.
Macro analyst Luke Gromen said U.S. stocks are near record highs, but a small group of AI-related shares is absorbing a disproportionate amount of market liquidity. He added that Bitcoin is the final fire alarm for global liquidity and that its current stagnation signals global liquidity is drying up.
Hayes said Bitcoin could stage a sharp rally if the AI bubble collapses and the Federal Reserve resumes large-scale liquidity injections.
