The rise of artificial intelligence is likely to displace millions of workers in quick order, triggering sizable credit defaults, said Hayes.
Bitcoin’s plunge signals coming AI crisis, but massive Fed response will drive new record high: Arthur Hayes
The rise of artificial intelligence is likely to displace millions of workers in quick order, triggering sizable credit defaults, said Hayes.
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The impending meeting comes amid escalating trade tensions, with President Trump threatening to impose additional tariffs on China
The market remains bearish with XRP struggling to break above the $2.23–$2.24 resistance zone.
“We are bullish on BTC in the medium term due to expectations of monetary and fiscal easing in response to tariff-driven slowdowns,” one trader said.
During Asian trading hours, BTC hit a low of $69,101 on Bitstamp.