BitMEX Co-Founder Arthur Hayes Signals Oil Price Surge, AI IPO Wave May Pop Bubble, Drag Crypto Market Down

BTC-0.95%
HYPE3.01%
WLD2.33%
ZEC4.45%
According to BlockBeats, on June 9, BitMEX co-founder Arthur Hayes warned in his latest article "Reality Test" that sustained oil price increases due to U.S.-Iran tensions could trigger an AI stock bubble burst and drag the entire crypto market lower. Hayes estimates AI-related debt issuance has absorbed approximately $1.5 trillion since November 2022, equivalent to U.S. M2 expansion in the same period, explaining why Bitcoin has failed to rally significantly amid dollar liquidity expansion. He identified three bubble-bursting factors: rising energy costs, market inability to absorb major AI-related IPOs (SpaceX, Anthropic, OpenAI), and Trump's potential anti-AI stance. Hayes disclosed portfolio adjustments: Maelstrom has sold AI-related stocks and non-core crypto assets including HYPE, NEAR, WLD, and ZEC, while maintaining positions in Bitcoin and ETH.
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