Arthur Hayes Warns Bitcoin May Fall to $50,000 Before $1 Million

Arthur Hayes, BitMEX co-founder, warned Bitcoin could fall to $50,000 before reaching $1 million. He argues the AI buildout is a leveraged real estate bubble that will end in a government bailout larger than 2008. Hayes expects the resulting liquidity creation to drive Bitcoin past $1 million, citing parallels to past financial crises.