AI absorbs dollar liquidity, impacting Bitcoin
BitMEX co-founder Arthur Hayes believes AI has absorbed a large share of newly created dollar liquidity, affecting Bitcoin’s ability to rally.
Hayes cited rising oil prices, supply pressure from major AI IPOs, and U.S. political factors as potential causes for the AI stock bubble to burst, which could drag crypto lower.
Hayes sold HYPE, NEAR, WLD, and ZEC, while retaining BTC and ETH, and may use derivatives for tactical shorts.