AICoinDeskabout 2 hours ago
AI credit bubble could drive bitcoin to $1 million
1 min read
Arthur Hayes calls the AI infrastructure buildout a 2008-style credit story, not an earnings story. Hayes expects Washington and Beijing to backstop the wreckage, printing more than in 2008, which bottoms bitcoin and drives it toward $1 million. Bitcoin traded near $64,200 on Wednesday.
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