Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next
CNBC
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Arthur Hayes, former BitMEX CEO and crypto investor, predicts the current massive investment in AI data centers will lead to overcapacity, a market crash, and a bailout that benefits cryptocurrencies like bitcoin. He expects this cycle to unfold by 2027 or 2028 as AI infrastructure becomes extremely cheap and plentiful.
