Arthur Hayes: Why Could AI Investment Waste Be Bullish for Bitcoin? On September 9, 2026, BitMEX co-founder Arthur Hayes @CryptoHayes shared in an interview with Bitcoin Magazine @BitcoinMagazine that over the past few years, AI has become the most sought-after investment narrative in global markets, absorbing a significant amount of new credit and impacting the flow of funds into assets like Bitcoin. Now, as semiconductor and storage chip stocks face sell-offs, investors are beginning to question whether massive AI investments can deliver real returns. He believes the AI bubble may have entered a capital waste phase, and governments, to avoid admitting to poor investments, might continue printing money and backstopping related projects, which could benefit assets like Bitcoin and gold. Wu Blockchain reminds readers that Arthur Hayes' market predictions have historically had low accuracy and are often subject to adjustments. It is recommended to focus on his analytical framework rather than specific price and timing predictions. Source: Bitcoin Magazine