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BitMEX co-founder Arthur Hayes predicted the debt-fueled AI infrastructure boom could trigger a 2008-style credit crisis, driving Bitcoin to $1 million or higher. Hayes said BTC could stay between $60,000 and $70,000, with downside to $50,000, before recovery. Microsoft, Meta, Oracle, Amazon, and Alphabet committed about $1.09 trillion to data-center leases.
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Summary by ByteBrief
AI power crunch drives data-centre borrowing boom