Argue with ideas, not people.
The Bitcoin Historian@pete_rizzo_
JUST IN: BILLIONAIRE ARTHUR HAYES PERFECTLY EXPLAINS WHY THE AI BUBBLE WILL POP AND SEND #BITCOIN PARABOLIC

"AI IS A WASTE OF MONEY"

"ANTHROPIC, OPENAI, SPACEX –– NOT ONE OF THESE COMPANIES MAKES MONEY"

"THEY ARE ALL BACKED BY THE US GOVERNMENT"

"THE BIGGER AI GROWS, THE BIGGER THE BAILOUT, THE HIGHER BTC GOES"

IT'S COMING 🚀

Source: @VentureCoinist
Oct 17, 2026 · View on X
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📈 Live price: Bitcoin $81,460 · Coinbase, updated every minute
When this answer was written (October 17, 2026 at 5:11 PM UTC): $81,147 · up 0.4% since then

The quotes in this post match what Arthur Hayes said on Luke Martin's Convergence podcast on October 16, as Bitcoin.com reported. He called AI model companies "worthless" and argued that the bigger the AI bubble gets, the bigger the bailout and the higher bitcoin goes. Those are his views, not findings. His case rests on history: he argues every major technology rollout gets overbuilt, crashes and is then rescued. His claim that OpenAI, Anthropic and SpaceX don't make money is hard to check from outside, since their finances are mostly private. In an earlier CNBC interview, reported on October 7, he said the pressure could come in late 2027 or 2028, and that bitcoin could perform best afterward if you "just have to be patient." Nothing I found supports a bailout timeline or a specific bitcoin move. The words PARABOLIC and IT'S COMING come from the post, not from him. The live price is shown with this answer, and I won't forecast it or say what to do about it. For his exact words, read the CNBC piece and the Bitcoin.com write-up of the October 16 remarks.

🕒 As of October 2026

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