{"id":3773,"date":"2026-06-09T23:07:46","date_gmt":"2026-06-09T23:07:46","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=3773"},"modified":"2026-06-09T23:07:46","modified_gmt":"2026-06-09T23:07:46","slug":"arthur-hayes-says-ai-boom-is-limiting-bitcoins-upside-as-liquidity-flows-shift","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/06\/09\/arthur-hayes-says-ai-boom-is-limiting-bitcoins-upside-as-liquidity-flows-shift\/","title":{"rendered":"Arthur Hayes Says AI Boom Is Limiting Bitcoin\u2019s Upside as Liquidity Flows Shift"},"content":{"rendered":"\n
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Bitcoin has remained under pressure, struggling to hold below the $63,000 level. According to BitMEX co founder Arthur Hayes, the rapid expansion of artificial intelligence investment may be one of the key reasons BTC has failed to rally more strongly despite increasing global liquidity.<\/p>\n\n\n\n

In a recent blog post, Hayes revisited his long standing thesis that crypto prices are primarily driven by fiat money creation. However, he noted that he may have underestimated an important factor: how that liquidity is being allocated across different sectors.<\/p>\n\n\n\n

Bitcoin Versus Artificial Intelligence<\/strong><\/p>\n\n\n\n

Hayes argued that Bitcoin should have performed better given the scale of monetary expansion over recent years. Instead, he said a large share of available capital has been directed toward AI related investments.<\/p>\n\n\n\n

He pointed to the launch of ChatGPT in November 2022 as the starting point of what he described as a major \u201cAI boom.\u201d During this period, Bitcoin recovered from post FTX lows near $15,000 and climbed to around $125,000 by October 2025. However, AI focused equities significantly outpaced crypto returns.<\/p>\n\n\n\n

As an example, Hayes highlighted Nvidia, which rose roughly elevenfold compared to Bitcoin\u2019s approximately sevenfold increase over a similar timeframe. He also observed that AI related assets began outperforming more aggressively from late 2024 onward, while Bitcoin later experienced a sharp correction from its peak.<\/p>\n\n\n\n

Hayes explained that his earlier models mainly focused on the total amount of fiat liquidity being created, assuming that a meaningful portion would naturally flow into Bitcoin. What he did not fully account for, he said, was the enormous capital demand generated by the AI sector.<\/p>\n\n\n\n

He described AI as an exceptionally capital intensive industry that requires massive spending on data centers, energy infrastructure, advanced chips, and supporting systems. The rapid buildout of this infrastructure, which accelerated in 2024 and 2025, has created sustained demand for large scale financing.<\/p>\n\n\n\n

Citing estimates based on public disclosures, Hayes said AI related companies have issued around $1.5 trillion in debt since November 2022. He added that roughly $1.3 trillion of that total was raised from 2025 onward as infrastructure spending surged.<\/p>\n\n\n\n

When compared with growth in US M2 money supply, which he estimated also increased by about $1.5 trillion during the same period, Hayes concluded that much of the new liquidity has effectively been absorbed by the AI sector. He summarized this view by saying that AI has \u201cabsorbed all newly created dollars.\u201d<\/p>\n\n\n\n

Outlook and Market Caution<\/strong><\/p>\n\n\n\n

Despite ongoing debate about macro drivers, some analysts remain cautious about Bitcoin\u2019s short term trajectory. Market commentator Doctor Profit recently suggested that Bitcoin is currently in the fifth phase of a six stage bear market cycle, a period often marked by heightened volatility and investor stress.<\/p>\n\n\n\n

He argued that the recent decline may not represent a final bottom but rather a continuation of broader market weakness. In his view, Bitcoin could still experience further downside pressure, with a potential cycle low forming between $40,000 and $48,000, possibly around September to October 2026.#crypto#cryptonews https:\/\/coinsignals.net<\/a>https:\/\/t.me\/coinsignalpublic<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has remained under pressure, struggling to hold below the $63,000 level. According to BitMEX co founder Arthur Hayes, the rapid expansion of artificial intelligence investment...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3773","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=3773"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3773\/revisions"}],"predecessor-version":[{"id":3775,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3773\/revisions\/3775"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=3773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=3773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=3773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}