Arthur Hayes says AI rescue liquidity could send Bitcoin price to $1,000,000

Arthur Hayes outlined a scenario in which AI becomes the dominant capital sink, citing roughly $1.5 trillion in AI-related debt, whose collapse would trigger monetary easing and large capital rotation into crypto and push BTC to $1,000,000. His argument hinges on AI-driven debt stress forcing authorities to print liquidity and investors reallocating into Bitcoin as a macro hedge. If realized, the chain of debt distress → monetary expansion → capital flight into crypto would be a powerful bullish driver for BTC, but it remains a speculative, low‑probability tail‑risk contingent on major systemic stress and policy reaction.