BitMEX co-founder Arthur Hayes says an AI-driven economic shock could become the catalyst that sends Bitcoin (CRYPTO: BTC) and crypto into another major bull cycle, as central banks respond with aggressive liquidity injections.
The “Perpetual Motion Machine“
Speaking on the Unchained podcast, Hayes argued that the current AI boom is creating a dangerous mix of labor disruption, credit stress and speculative excess that could eventually force governments and central banks to print money again.
Hayes believes the market is underestimating the deflationary shock AI could create in the short term.
Despite the near-term economic risk, Hayes remains structurally bullish on Bitcoin and crypto for one key reason which is liquidity.
He believes …