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Arthur Hayes says Bitcoin could hit $1 million after the next AI bailout

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Bibhu
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Aug 6, 2026 6:45 PM

The AI boom is a massive credit bubble mirroring the 2008 housing crisis, not a tech revolution. Investors are recklessly funding data centers on the assumption that spending will never slow. When this debt-fueled expansion stalls by 2027, governments will be forced into a bailout even larger than the subprime crash, eventually driving Bitcoin to $1 million. Is AI just the next subprime disaster waiting to explode, or is this growth actually sustainable? What’s your take?
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Arthur Hayes has outlined a path that could push Bitcoin toward $1 million, arguing that an eventual bust in artificial-intelligence infrastructure spending will force governments to print money on a massive scale.
www.thestreet.comArthur Hayes says Bitcoin could hit $1 million after the next AI bailoutArthur Hayes has outlined a path that could push Bitcoin toward $1 million, arguing that an eventual bust in artificial-intelligence infrastructure spending will force governments to print money on a massive scale.
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