Arthur Hayes: BTC will make new records as Fed responds to AI-related credit collapse
Arthur Hayes predicts Bitcoin will hit new highs after the Fed responds to an imminent AI-driven credit crisis.Summary
BitMEX co-founder Arthur Hayes suggests Bitcoin's recent plunge signals an impending credit destruction event driven by artificial intelligence displacing millions of workers, leading to significant defaults. He views Bitcoin's divergence from the Nasdaq as a 'fiat liquidity fire alarm.' Hayes models that AI displacing 20% of knowledge workers could cause defaults equivalent to half the 2008 crisis, forcing the Federal Reserve into unprecedented money printing. While Bitcoin might fall further below $60,000 due to political delays, Hayes believes that once the Fed intervenes with emergency liquidity, Bitcoin will decisively rally to new all-time highs, as deflationary pressures favor fiat-sensitive assets like BTC during monetary easing.
(Source：CoinDesk)