US policymakers could lift cryptocurrency prices by printing more money to support AI and finance government debt, according to Arthur Hayes, chief investment officer at Maelstrom fund.
AI companies need trillions of dollars to finance data centers even as the prices of their services fall, Hayes said at a fireside chat at CONNECT by Cointelegraph: Seoul Edition, on Tuesday during Korea Blockchain Week.
“They’ve not really given themselves a lot of options other than print money and make it less bad,” he said.
Hayes also discussed a possible shift in China from what he called an “austerity lite” policy to substantial monetary stimulus, which he said could revive demand for scarce assets.
Related: AI credit bubble could fuel Bitcoin ‘crack-up boom’ past $1M: Hayes
In Europe, he said he was monitoring financial stress in France, including…
