Arthur Hayes Warns AI Data Center Spending Could Trigger a Crash and Government Bailout

BitMEX co-founder Arthur Hayes warns that the global AI infrastructure boom could be creating a massive investment bubble, arguing that trillions of dollars are being committed to data centers without sufficient certainty about future returns.
Hayes believes excessive spending could eventually trigger a market correction, potentially forcing governments and central banks to introduce financial support measures to stabilize the economy.
He argues that $BTC and other cryptocurrencies could become major beneficiaries if such interventions inject substantial liquidity into financial markets. In his view, investors may need patience before this scenario unfolds.
The prediction remains speculative. A decline in AI infrastructure investment would not automatically lead to a government bailout, and additional liquidity would not guarantee cryptocurrency price appreciation.