Arthur Hayes Says AI Trade Is Nearing Peak After HYPE, NEAR And WLD Exit
Arthur Hayes says his firm Maelstrom sold several altcoin positions, including HYPE, NEAR and WLD, because the artificial-intelligence trade may be approaching a peak and could pressure crypto liquidity in the near term. In a Cointelegraph Markets Outlook interview, the BitMEX co-founder argued that AI-related capital demand has absorbed liquidity that might otherwise have flowed into Bitcoin and higher-beta crypto assets. WuBlockchain summarized the interview by saying Hayes had sold HYPE, NEAR, WLD and ZEC while keeping Bitcoin and Ethereum exposure.