Hayes: AI Credit Bubble Collapse Could Drive Bitcoin to $1 Million

Arthur Hayes, co-founder of Maelstrom, has predicted that excessive borrowing to fund AI data-center infrastructure will eventually lead to a financial crisis. He argues that when this overleveraged spending collapses, governments will be forced to intervene with bailouts. This intervention, Hayes believes, will require large-scale money printing to stabilize the economy. According to Hayes, the resulting currency debasement could become the next major catalyst propelling Bitcoin's price toward $1 million.