
Bitcoin may gain if AI bubble bursts, Hayes says
BitMEX cofounder Arthur Hayes published a new essay, “Situationship,” on Aug. 4, 2026, arguing that the artificial intelligence (AI) infrastructure boom could end as a credit crisis rather than a dot com style equity collapse. Hayes framed data centers as leveraged real estate containing computing equipment that can lose economic value as newer chips become more efficient. Hayes said an eventual slowdown in data center construction could expose weak borrowers and financiers, prompting government intervention and broader monetary easing. He believes the resulting liquidity could support a renewed Bitcoin bull market. However, the scenario remains his personal forecast, not a…








