Arthur Hayes, one of the most followed strategists in the cryptocurrency markets, shared his current predictions about Bitcoin and the global economy in a program he participated in.
Hayes argued that geopolitical crises such as Iran-Israel tensions have a limited impact on markets and that the real disruptive effect will come from the changes that artificial intelligence creates in the job market.
Hayes said tensions with Iran have a flash point for investors: whether oil will continue to flow through the Strait of Hormuz. Saying that the market is only focused on commodity flows, Hayes added: “If the oil is flowing, the markets unfortunately don’t care about the rest of the human tragedy. »
According to Hayes, the fact that oil shipments continued despite prices remaining at levels of $110 to $120 sparked a rally of relief in the markets.
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The most striking takeaway from the interview was Hayes’ description of artificial intelligence as the “biggest risk” for Bitcoin. Hayes said companies are able to do more work with fewer employees thanks to AI agents, adding that engineers, accountants and lawyers are starting to be laid off.
Hayes pointed out that this group of laid-off workers (like engineers earning $250,000 a year) have mortgage, auto loan and credit card debt, adding that this will create significant deflationary pressure on the banking system.
The renowned investor, who described Bitcoin as the world’s “liquidity smoke detector”, said central banks are not printing enough money to offset the deflationary effect created by artificial intelligence, which is why Bitcoin is struggling to sustainably surpass the $100,000 level.
Hayes argues that for Bitcoin to break records again, the system must collapse at some point. He predicted that a financial catastrophe, triggered by job losses among programmers and middle managers, would push central banks to “massively print money,” and that’s when the real rise of Bitcoin would begin.
*This does not constitute investment advice.