Arthur Hayes Warns AI IPOs Could Threaten Bank Liquidity and Bitcoin

BitMEX co-founder Arthur Hayes warned that upcoming IPOs by major AI companies, including SpaceX, Anthropic, and OpenAI, could trigger significant equity dilution, pressure technology stock prices, and weaken bank liquidity, creating another headwind for Bitcoin. In his article 'D is for Dilution,' Hayes argues that large share unlocks following these listings could impact markets.