Arthur Hayes: AI Giants’ Equity Dilution May Pressure Stock Prices, Bearish for Bitcoin in the Short Term, Bullish if Central Banks Step In Long Term
BitMEX co-founder Arthur Hayes argues that equity dilution from large IPO share unlocks at AI firms such as SpaceX, Anthropic and OpenAI could pressure AI stock prices and tighten dollar liquidity. He sees this as bearish for Bitcoin in the short term, while noting central bank intervention in a systemic AI crisis could turn it bullish over the long term. His firm Maelstrom will stay on the sidelines until liquidity improves.
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