Hayes: AI Crash Could Drag Bitcoin to $62K Before Liquidity-Fueled Rebound

Bitcoin is trading at $62,638 as Arthur Hayes issues a two-stage warning: an AI stock bubble unwind poses immediate downside risk for crypto before a longer-term liquidity-driven recovery takes hold. Hayes argues that roughly $1.5 trillion in AI-related debt issuance since November 2022 has crowded out capital that might otherwise have flowed into Bitcoin. He warns that rising oil prices, a heavy IPO calendar featuring SpaceX, Anthropic, and OpenAI, and potential anti-AI political rhetoric from Trump could crack AI equities and drag crypto lower first. Maelstrom has already trimmed non-core crypto positions, retaining only BTC and ETH, with Hayes projecting a strong Bitcoin rebound once policymakers respond with fresh monetary stimulus.