GoKawiilArthur Hayes predicts AI spending bust will trigger bailout, boost crypto
Arthur Hayes, co-founder of Maelstrom, said at the Gamma Prime Investing Conference in Singapore that trillions of dollars being poured into AI data centers will result in massive overcapacity. He argues this will lead to a crash followed by a government bailout, similar to past financial crises, which he believes will ultimately push bitcoin and other cryptocurrencies higher.
GoKawiil's interpretation of the reporting above, not reported fact.
Hayes' comments reflect a bearish view on the sustainability of current AI infrastructure spending, suggesting that companies like SpaceX, OpenAI and Anthropic—none of which he says are profitable—are fueling an unsustainable buildout. His thesis implies that crypto investors could benefit from macroeconomic stress triggered by an AI bust, though this remains his personal prediction rather than a confirmed market trend.
- Arthur Hayes predicts AI infrastructure investment will be overbuilt and eventually crash.
- He expects a bailout following the crash, similar to patterns after the 2008 financial crisis.
- Hayes believes bitcoin and crypto are positioned to benefit from the excess liquidity created by such a bailout.
Source: cnbc.com — Jenny Lee, 2026-10-07
Published there as: “Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next”
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