Arthur Hayes, co-founder of BitMEX, predicts the AI bubble will burst in late 2027 or early 2028, triggering a financial crisis potentially more severe than the 2008 subprime crisis. He points to SpaceX, OpenAI and Anthropic as the main companies at risk, with Anthropic reportedly spending 3 dollars to generate 1 dollar in revenue. If these companies can no longer meet their commitments, their struggles would spread to banks and markets, forcing authorities to inject massive liquidity into the economy. These new funds would support financial markets, including cryptocurrencies, and boost Bitcoin’s price. Hayes also warns against French and US public debt as aggravating factors.
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