Macro· ★★★· bullish· October 17, 18:00

Arthur Hayes Says OpenAI and Anthropic Are Worthless, Bitcoin Wins

—Hayes said OpenAI, Anthropic and SpaceX all fail to make money
—Nasdaq 100 fell 2.5% on Oct. 16 as chip stocks slid for an eighth straight day
—Hayes expects a US-backed bailout of AI firms to lift bitcoin
—Over $100 billion left crypto in five days while US stocks shed $1.6 trillion

Why it matters: The thesis ties an AI bust to a bitcoin inflow, but crypto would have to endure the selloff first.

Source: Bitcoin.com

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