Arthur Hayes: AI Glut Could Cut Compute Costs and Boost Crypto
- —Hayes called Safety First "compute demand destruction" rather than concern for humanity
- —Compute demand from Anthropic, OpenAI and SpaceX backs over $1 trillion in investment-grade debt
- —Hayes pegged fabricated reinsurance assets at $1.54 trillion
- —The essay landed on September 22 as Bitcoin hit an eight-month high of $87,400
Why it matters: Hayes expects any US government response to end in money printing, a backdrop he sees as bullish for Bitcoin and crypto.
Source: CryptoPotato