{"id":99880,"date":"2026-06-09T17:03:26","date_gmt":"2026-06-09T17:03:26","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=99880"},"modified":"2026-06-09T17:03:26","modified_gmt":"2026-06-09T17:03:26","slug":"bitcoin-never-had-a-chance-against-the-ai-bubble-arthur-hayes-argues","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=99880","title":{"rendered":"&#8216;Bitcoin Never Had A Chance&#8217; Against The AI Bubble, Arthur Hayes Argues"},"content":{"rendered":"<div>\n<p><strong>Arthur Hayes<\/strong> on Tuesday laid out the case why <strong>Bitcoin <\/strong><a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) cannot rally until the AI bubble pops, arguing that the latter absorbed liquidity that could have gone to cryptocurrencies.\u00a0<\/p>\n<h3 class=\"wp-block-heading\">AI Borrowed Every Dollar That Was Created Since 2022<\/h3>\n<p>Hayes laid out the core math in his <a href=\"https:\/\/cryptohayes.substack.com\/p\/reality-test\">essay<\/a>, saying that US M2 rose by $1.5 trillion between November 2022 and today. <\/p>\n<p>Over the same period, AI companies issued roughly $1.5 trillion in debt to fund data center construction.\u00a0<\/p>\n<p>The numbers match almost exactly, meaning AI absorbed every dollar of new liquidity before it could find its way into Bitcoin.<\/p>\n<p>\u201cBitcoin never had a chance,\u201d Hayes wrote. \u201cThe only reason Bitcoin rallied strongly off the November 2022 low is that the AI debt binge really kicked into gear starting in 2025.\u201d\u00a0<\/p>\n<p>Bitcoin peaked in October 2025 precisely &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/06\/53086661\/bitcoin-never-had-a-chance-against-the-ai-bubble-arthur-hayes-argues?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"'Bitcoin\" never had a chance against the ai bubble arthur hayes argues>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Arthur Hayes on Tuesday laid out the case why Bitcoin (CRYPTO: BTC) cannot rally until the AI bubble pops, arguing that the latter absorbed liquidity that could have gone to cryptocurrencies.\u00a0 AI Borrowed Every Dollar That Was Created Since 2022 Hayes laid out the core math in his essay, saying that US M2 rose by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-99880","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/99880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=99880"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/99880\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}