Arthur Hayes names the altcoin he'll now focus on
BitMEX co‑founder Arthur Hayes warned that fresh capital is being diverted into the AI sector, leaving little funding for crypto assets, a development that has unsettled investors across the blockchain market. Capital Shift Toward AI Hayes explained that the surge of new money has been “swallowed up” by artificial‑intelligence projects, creating a crowding‑out effect on crypto investments. He noted that since ChatGPT’s commercial launch in November 2022, AI‑driven borrowing and capital expenditures have climbed into the trillions of dollars, siphoning liquidity from the crypto market. Anticipated AI Market Correction The analyst highlighted that AI spending nearly doubled in 2026 after Bitcoin reached its peak in 2025, indicating that investors are favoring the fastest‑growing technology to protect their assets from depreciation. Hayes forecasts a major AI collapse within the next three to five years, citing factors such as Chinese open‑source models priced at just 1 % of San Francisco rates and the rapid obsolescence of GPU hardware. Consequences for Crypto Stakeholders Hayes compared the looming AI bust to the 1999 dot‑com bubble and the historic railroad speculation frenzy, suggesting a similar crisis could unsettle the blockchain sector. He also pointed out his own profitable trades in AI‑linked crypto projects like NEAR, underscoring that the current narrative may shift once the anticipated AI downturn materializes.
