Bitcoin Credit Bubble Could Trigger a Blow-Off Rally Past $1 Million
AI News Flash: Arthur Hayes (BitMEX co-founder) warns that the debt-fueled AI infrastructure boom could replay a 2008-style credit crisis, but he expects the government liquidity rescue that follows to ultimately push Bitcoin (BTC) past $1 million. In a Tuesday blog post, he argues investors are mistaking data center and power infrastructure spending for high-growth tech investment, when it’s really closer to a leveraged real estate pla…