Flash: Arthur Hayes says SpaceX, Anthropic and OpenAI will face crushing post-IPO dilutions that will sink AI stock prices, freeze credit markets and cut dollar liquidity, hurting crypto. But he argues that this will eventually force central banks to print money to prevent a crisis, which he says will be "magnificent for Bitcoin."

Flash: Arthur Hayes says SpaceX, Anthropic and OpenAI will face crushing post-IPO dilutions that will sink AI stock prices, freeze credit markets and cut dollar liquidity, hurting crypto. But he argues that this will eventually force central banks to print money to prevent a crisis, which he says will be "magnificent for Bitcoin."