Arthur Hayes, co-founder of BitMEX, argues that the ongoing AI boom could lead to significant economic disruptions, potentially prompting central banks to inject liquidity into the market. Speaking on the Unchained podcast, he emphasized that the current mix of labor disruption and speculative excess could force governments to print money, similar to responses during previous crises. Despite the short-term deflationary risks associated with AI advancements, Hayes maintains a bullish outlook on Bitcoin and the broader crypto market, attributing this optimism to expected liquidity influxes. He describes the AI spending surge as a 'perpetual motion machine', driven by tech companies competing to develop superior models. However, he cautions that this frenzy may falter if investors doubt the real-world returns from massive AI infrastructure investments. Furthermore, Hayes highlights the potential for rising political backlash against AI, particularly as economic challenges impact a broader segment of the population ahead of the 2028 election cycle. He remains heavily invested in Bitcoin and is also exploring higher-risk crypto opportunities.