Why Didn’t Bitcoin Go Higher? Arthur Hayes Blames the AI Spending Frenzy
Hayes believes that AI's growing demand for capital has become a major headwind for bitcoin.
Crypto Daily·
Despite all the off/on ceasefires and ‘agreements’ in the Middle East conflict that have had up and down impacts on the U.S. stock market, the bear market for Bitcoin is persistent and ongoing. A quick rally above $64K could be at an end and it now remains to be seen if the next drop will take place and how bad it could be?
Read full articleHayes believes that AI's growing demand for capital has become a major headwind for bitcoin.
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