Arthur Hayes, the former BitMEX CEO, disclosed that he has sold every altcoin in his portfolio—namely Hyperliquid (HYPE), NEAR Protocol, and Worldcoin—citing heightened risk linked to the AI investment surge.
Motivation for the Altcoin Exit
Hayes explained that newly minted fiat liquidity has gravitated toward AI projects instead of bolstering Bitcoin’s price. He highlighted three emerging threats to the AI narrative: escalating energy costs, potential regulatory shifts in the United States, and forthcoming IPOs from firms such as Anthropic and OpenAI, which could siphon additional capital from the market.
Potential Ripple Effects on Bitcoin and Crypto Investors
Hayes warned that a retreat from AI‑driven assets would not instantly lift Bitcoin; instead, the cryptocurrency could initially tumble alongside other digital assets. Investors monitoring the blockchain sector should therefore brace for possible short‑term volatility, even as Bitcoin continues to trade near its recent lows.