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Hayes' Bold Bet: AI Collapse May Boost Bitcoin
Arthur Hayes, the former CEO of the "BitMEX" platform, bets that the AI boom will lead to an investment bubble followed by economic crashes, then rescue plans that push cryptocurrency prices higher. He points out that the massive expansion in building data centers will make computing power cheap and widely available, which could result in an oversupply and contribute to a market slowdown. This scenario supports his expectations that Bitcoin and cryptocurrencies will rise after previous economic crises caused by excessive expansion.
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