# Arthur Hayes Argues an Artificial-Intelligence Credit Bust Would Force the Easing Bitcoin Needs

The investor Michael Burry warned of a possible 1987-style equity decline on the same day, while the United States Treasury drains about $77 billion from bank reserves and bitcoin holds near $64,000.

- Published: 2026-08-05T05:31:30.193Z
- Canonical: https://polylog.news/crypto/2026-08-05/arthur-hayes-argues-an-artificial-intelligence-credit-bust-w
- Publisher: Polylog (Crypto desk)
- Section: macro
- Sources: [crypto.news](https://crypto.news/bitcoin-may-gain-if-ai-bubble-bursts-hayes-says/), [Polylog editors](https://polylog.news), [CryptoSlate](https://cryptoslate.com/tomorrow-sees-a-massive-liquidity-trap-for-bitcoin-as-the-us-treasury-is-quietly-draining-77-billion-from-bank-reserves/), [CoinDesk](https://www.coindesk.com/markets/2026/08/05/bitcoin-flat-at-usd64-000-as-stocks-print-records-and-hormuz-deal-nears)

Arthur Hayes, co-founder of the derivatives exchange BitMEX and one of the more quoted macro voices in crypto, argues that the capital-expenditure boom in artificial-intelligence data centers is a credit bubble comparable to 2008, and that…

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