Arthur Hayes predicts crypto mega bull run despite AI concerns
Arthur Hayes, co-founder of BitMEX, remains bullish on crypto and views current AI and encryption security worries as temporary fear. He argues that a new wave of global liquidity, especially if governments create money to support economies, could drive Bitcoin and other crypto assets higher. He compared today's concerns to past crypto market shocks such as the 2017 block size war, COVID-19, and FTX's collapse.
Hayes, BitMEX co-founder and Maelstrom CIO, made his case in an Oct. 8 post. He grouped AI and encryption worries with earlier shocks Bitcoin absorbed, including the 2017 block-size dispute, COVID-19, and FTX’s failure amid rising rates. He labeled such anxiety FUD.
He also stressed that AI-related security questions are not purely imaginary: AI can assist code review, bug detection, and mathematical work. Still, Coinbase’s Yehuda Lindell said there is no proof AI has broken Bitcoin or core cryptographic assumptions. Hayes instead points to dollar liquidity, Treasury buybacks, and possible government or central-bank support as the main bull-run fuel.
If Hayes’s liquidity thesis proves right, crypto investors and traders could see renewed optimism, while households and businesses may face spillovers through risk appetite, inflation expectations, or financial conditions. His comments may influence sentiment among retail holders and institutional allocators, though predictions from prominent figures do not guarantee outcomes. Policymakers and central banks could also face greater scrutiny if money creation is seen as fueling speculative assets. Overall, the story may shape debate about crypto’s role in uncertain markets.