AI boom could waste trillions on data centres, trigger crash and crypto rally, says Arthur Hayes

Wednesday, October 7, 2026 - 15:13
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AI boom could waste trillions on data centres, trigger crash and crypto rally, says Arthur Hayes
Arthur Hayes, former BitMEX CEO, says the AI boom is wasting trillions of dollars on data-centre capacity. He expects the overbuild to trigger an AI infrastructure crash and government bailout around late 2027 or 2028, with excess liquidity potentially boosting Bitcoin and cryptocurrencies.

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