Arthur Hayes argues that the biggest catalyst for Bitcoin may ultimately be the collapse of the AI investment boom, which he believes has diverted speculative capital away from crypto. Hayes says a potential AI-driven credit unwind could trigger large-scale monetary stimulus, creating conditions for a powerful crypto rally.

Visser says Bitcoin stays trapped in a bear market because speculative capital is flowing into AI stocks, with Q2 earnings as a key catalyst.

Arthur Hayes argues that the biggest catalyst for Bitcoin may ultimately be the collapse of the AI investment boom, which he believes has diverted speculative capital away from…