Investment expert with an intriguing forecast: "Bitcoin will skyrocket to one million dollars"
While major tech companies continue to inject hundreds of billions of dollars into artificial intelligence infrastructure, Arthur Hayes, one of the founders of the crypto exchange BitMEX, presents an unusual warning scenario for investors.
While Wall Street continues to be excited by massive investments in artificial intelligence infrastructure, a senior figure in the crypto industry warns that the market is completely ignoring a ticking time bomb in the credit market.
Analyst and investment expert Arthur Hayes, one of the founders of the BitMEX exchange, presents a grim analysis according to which the AI frenzy is fueled by a dangerous financial bet.
"It's more like 2008 than the dot-com bubble," warns Hayes, comparing the current situation to the credit and subprime mortgage crisis that shook the global economy.
A real estate bet in tech disguise
According to Hayes' thesis, investors tend to view the establishment of Data Centers as a fast-growing technology investment, but in practice, it is a leveraged, debt-heavy real estate model. Construction requires land acquisition, complex electrical connections, expensive cooling systems, and the signing of long-term contracts.
With tech giants having committed to future rental payments of more than a trillion dollars, Hayes argues that "as long as demand looks strong, lenders will continue to pour money into construction. But if tech companies slow down their investments, some projects will struggle to service their debts." Such a scenario, he says, would primarily hurt banks and financing entities that would be left with stranded assets.
From a fall to a one-million-dollar surge
Such a debt crisis would also shake the crypto market in the short term. Hayes estimates that in the initial wave of selling, Bitcoin will take a hit and move in the 60,000 to 70,000 dollar range, with a possibility of a decline toward 50,000 dollars.
However, the crucial stage of the forecast comes following the expected government response. To prevent a collapse of the financial system, central banks will be forced to lower interest rates and inject massive liquidity into the markets.
Flooding the market with fiat money will erode the purchasing power of traditional currencies and, according to Hayes, will lead to an unprecedented wave of demand for assets with limited supply: "In this scenario, the demand for Bitcoin will rise rapidly to a price of one million dollars and even more."
