• Bitcoin’s tech stock divergence is a ‘fire alarm’ for fiat: Arthur Hayes Arthur Hayes warns that AI-related job losses will spark a credit crisis, forcing central banks to print money, which will drive Bitcoin to new all-time highs. • Cointelegraph in your social feed The divergence between Bitcoin and tech stocks is a warning sign of a potential artificial intelligence-driven credit crisis that could lead to more central bank money printing, says Arthur Hayes. • “Bitcoin is the global fiat liquidity fire alarm. • It is the most responsive freely traded asset to the fiat credit supply,” said the crypto entrepreneur in his latestblog poston Wednesday. • Hayes went on to caution that therecent divergencebetween Bitcoin (BTC) and thetech-heavyNasdaq 100 Index “sounds the alarm that a massive credit destruction event is nigh.” When these two previously correlated asset classes diverge, “it warrants further investigation into any trigger that could cause a destruction of fiat” - mostly dollars and credit, which is also known as deflation, he said. • Hayes believes that job losses due to AI adoption will have a major impact on consumer credit and mortgage debt “because of the inability of white-collar knowledge worker debt donkeys to meet their monthly payments.” AI job losses could trigger another banking crisis In 2025, companies cited AI when announcing 55,000 job cuts, more than 12 times the number of layoffs attributed to AI just two years earlier,reportedCBS News in early February.

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  • The divergence between Bitcoin and tech stocks is a warning sign of a potential artificial intelligence-driven credit crisis that could lead to more central bank money printing, says Arthur Hayes. “Bitcoin is the global fiat liquidity fire alarm. It is the most responsive freely traded asset to the fiat credit supply,” said the crypto entrepreneur in his latest blog post on Wednesday. Hayes went on to caution that the recent divergence between Bitcoin (BTC) and the tech-heavy Nasdaq 100 Index “sounds the alarm that a massive credit destruction event is nigh.” When these two previously correlat

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