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Arthur Hayes Says OpenAI and Anthropic Are Worthless and Bitcoin Wins

Source: Bitcoin News · Oct 17, 2026 11:00 UTC

Rows of NASA Pleiades supercomputer racks at Ames Research Center — File photo NASA / Dominic Hart · Public domain · Source

The Quick Take

Bitmex co-founder Arthur Hayes says the artificial intelligence boom is burning cash on a government backstop, and that the bigger it gets, the higher bitcoin goes. The Arguments Put Forth by Hayes Hayes laid out the convictions on the Convergence podcast with Luke Martin, with his four key talking points being: Money is being wasted. […]

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