Arthur Hayes Says OpenAI and Anthropic Are Worthless and Bitcoin Wins

Bitmex co-founder Arthur Hayes argued on the Convergence podcast that OpenAI and Anthropic are effectively worthless because the AI boom burns cash while relying on a government backstop. He contends that the larger this AI bubble grows, the higher bitcoin will go, framing BTC as the beneficiary of capital misallocation. This is an opinion-driven take from a well-known market figure rather than new fundamental data, so it offers a mildly bullish narrative signal for BTC but little direct price catalyst.