To The Moon

According to Woofun AI, BitMEX co-founder Arthur Hayes has taken a decidedly bullish stance on Bitcoin and Ethereum, viewing them as the core hedge against potential rescue measures for the technology sector. He advocates positioning in crypto assets ahead of any government liquidity program, rather than directly shorting the AI space.

The underlying reason lies in the high leverage risk embedded in AI infrastructure. On October 15, 2026, Hayes pointed out that shares of cloud infrastructure provider CoreWeave (CRWV.US) had once plunged 15% in a single day, and predicted that excessive leverage in large-scale data center construction would trigger solvency pressure between the end of 2027 and 2028.

As compiled by Woofun AI, Hayes had already warned back in September 2026 that U.S. insurance companies were shouldering insufficiently recognized hardware debt risk. Institutions such as Panmure Liberum have also issued downside forecasts for the S&P 500 index due to reduced capital expenditure by tech giants, with the potential scale of any rescue possibly exceeding that of 2008.

Historical parallels reveal a divergence in logic. In 2020, the Federal Reserve's balance sheet doubled, driving BTC from $5,000 to over $60,000; however, current data suggests the correlation has weakened. Although U.S. money supply hit a record high in August 2026, BTC and ETH still underperformed AI-related stocks for the full year, indicating that the liquidity transmission mechanism has changed.

Market disagreement persists. Fundstrat co-founder Tom Lee believes the current AI computing cycle more closely resembles 1997 rather than late 1999, and expects capital saturation to occur in 2033. In the near term, U.S. inflation data will directly sway the Federal Reserve's interest rate decisions, thereby affecting the pace at which institutional capital flows into risk assets.