Arthur Hayes: AI Credit Event Could Exceed 2008 and Push Bitcoin to $1 Million

Arthur Hayes said an AI-driven credit event could be larger than the 2008 crisis and could push Bitcoin to $1 million, linking the risk to heavy AI capital expenditure and the possibility of money printing by financial authorities. According to NS3.AI, Hayes connected the scenario to how AI investment cycles could strain credit conditions and prompt policy responses that increase liquidity. Separately, Kevin Warsh left interest rates unchanged at his first meeting as Federal Reserve chair. Theo chief investment officer Iggy Ioppe said Warsh removed an easing bias while inflation remained at a three-year high.