Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next

Former BitMEX CEO Arthur Hayes says the AI infrastructure boom is being overbuilt and is betting an eventual crash and bailout will send crypto higher.

# Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next Former BitMEX CEO Arthur Hayes says the AI infrastructure boom is being overbuilt and is betting an eventual crash and bailout will send crypto higher. **Read the full article:** [CNBC](https://www.cnbc.com/2026/10/07/flop-ai-boom-arthur-hayes-bitcoin-bitmex-coinferencex-.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*