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Arthur Hayes: AI Is the Real Reason Bitcoin Crashed 50%
Cointelegraph· 2026-03-09 17:31
Bitcoin's dumped what, like 50% from the from the all-time high. Why is that. I think that Bitcoin is forecasting that there's going to be a massive credit negative event due to AI disruption.There are going to be a lot of formerly high paid workers, especially in the United States, who consumed a lot of things who had a lot of debt. And if 10 to 20% of those folks are eradicated due to AI efficiencies at a lot of large corporations, even small startups, then how is that debt going to be serviced. And if th ...