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✏️ #AI Arthur Hayes has released a new essay titled "Situationship," which suggests that the current AI investment surge is more akin to real estate development than the typical technology cycle.
He pointed out that excessive investment in data centers and related infrastructure could lead to the AI bubble bursting in a manner similar to the 2008 financial crisis, rather than the 2000 dot-com crash.
Hayes believes that any subsequent easing of monetary policy and increased liquidity from central banks will ultimately help revive the #BTC bull market and the broader cryptocurrency sector.
He pointed out that excessive investment in data centers and related infrastructure could lead to the AI bubble bursting in a manner similar to the 2008 financial crisis, rather than the 2000 dot-com crash.
Hayes believes that any subsequent easing of monetary policy and increased liquidity from central banks will ultimately help revive the #BTC bull market and the broader cryptocurrency sector.