On August 5th, Arthur Hayes, the Chief Investment Officer at Maelstrom, contributed to 'Crypto Trader Digest', where he expressed that the expansion in AI-related investments is not a technological but a real estate-like credit bubble. He predicts that a government bailout during its collapse will ultimately drive Bitcoin's value above the $1 million mark.
Hayes categorized investments in data center construction not as 'technology' but as 'real estate'. He referenced the IT bubble of 2000...