cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Why Didn’t Bitcoin Go Higher? Arthur Hayes Blames the AI Spending Frenzy

-

by

cryptd.in
in

BTC has been under tremendous pressure as it struggles below $63,000. Arthur Hayes said he believes the AI boom has absorbed a significant portion of newly created dollar liquidity, which, according to the BitMEX co-founder, explains why bitcoin has struggled to rally further despite a broader expansion in money supply.

In a recent blog post, Hayes revisited his long-held belief that crypto markets are largely driven by fiat liquidity and acknowledged that he may have overlooked an important factor: where that liquidity was actually flowing.

Bitcoin vs. AI

Bitcoin should have performed much better given the increase in dollar creation over the past few years, but instead AI-related investments attracted a larger share of capital. The commercial launch of ChatGPT in November 2022 was the beginning of what Hayes called the “great AI bubble.” During the same period, bitcoin recovered from its post-FTX lows and rose from roughly $15,000 to around $125,000 by October 2025.

However, AI-linked stocks significantly outperformed crypto. Hayes cited Nvidia’s roughly 11x increase compared to BTC’s 7x gain over a similar timeframe. He also observed that AI’s outperformance accelerated from late 2024 onward, while bitcoin later declined sharply from its peak.

Hayes said his previous models focused mainly on the headline amount of fiat creation and assumed that enough of that liquidity would eventually find its way into bitcoin. But this approach failed to account for the enormous capital demands created by the AI industry.

The former BitMEX CEO described AI as an extremely capital-intensive sector that requires vast investments in data centers, electricity generation, specialized chips, and supporting infrastructure. He explained that the rapid expansion of data center spending that began in 2024 and accelerated in 2025 created a massive need for financing.

Referring to estimates compiled from public disclosures, he said AI-related firms issued approximately $1.5 trillion in debt between November 2022 and the present. Of that total, around $1.3 trillion was raised from 2025 onward as spending on AI infrastructure surged.

Hayes compared that figure with growth in the US M2 money supply over the same period, which he estimated also increased by around $1.5 trillion. Based on those numbers, he concluded that AI effectively absorbed nearly all newly created dollar liquidity. He wrote,

“AI sucked up all created dollars.”

More Turbulence Ahead?

The latest concerns come as some analysts remain cautious about the cryptocurrency’s near-term outlook. Market analyst Doctor Profit recently 말했다 that bitcoin has entered the fifth stage of a six-stage bear market cycle, a phase characterized by increased volatility and emotional stress for investors.

He said that the recent pullback was not the final bottom but a setup for further turbulence ahead. The analyst flagged the $40,000-$48,000 range as the most likely area for BTC’s eventual cycle low, potentially between September and October 2026.

게시물 Why Didn’t Bitcoin Go Higher? Arthur Hayes Blames the AI Spending Frenzy 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (446) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (73) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.