[Arthur Hayes: Investors Underestimate the Ongoing Risks of the Middle East War, AI Replacing Human Labor Could Trigger a Credit Crisis] BlockBeats News, March 7, Maelstrom co-founder Arthur Hayes stated in an interview that he believes investors may be underestimating the risks of the current conflict escalating or persisting. 'I think the global markets have not fully priced in the possibility of a prolonged U.S.-Iran war,' he said. If energy flows are disrupted, the ripple effects could spread to the global economy through rising oil prices, inflationary pressures, and increased market volatility. At the same time, Hayes pointed out another powerful disruptive force—the crisis related to artificial intelligence—is quietly brewing. He believes AI could rapidly reshape the labor market by replacing a large number of knowledge workers, including lawyers, bankers, accountants, and analysts. If this transformation happens quickly, it could lead to a widespread credit crisis as households struggle to repay existing debts. Ultimately, Hayes believes the global financial system's response to crises remains consistent: injecting liquidity. 'Bitcoin is essentially just a liquidity smoke alarm,' he said.