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Arthur Hayes: AI Will Trigger the New Subprime Crisis 

On April 28, 2026, Arthur Hayes stated at the Bitcoin 2026 conference that AI is triggering a deflationary crisis. He believes the replacement of high-earning knowledge workers by AI will devastate traditional SaaS companies and severely impact lending institutions. 

This potential multi-hundred-billion-dollar banking failure, termed the "new subprime crisis," is the key macroeconomic factor previously driving Bitcoin prices lower.