[Wu Blockchain News] Arthur Hayes: AI Giants’ Equity Dilution May Pressure Stock Prices, Bearish for Bitcoin in the Short Term, Bullish if Central Banks Step In Long Term

Arthur Hayes warned that large post-IPO share unlocks and equity dilution at AI firms including SpaceX, Anthropic and OpenAI could pressure their stock prices and lift debt financing costs across the sector, estimating early Anthropic IPO investors could face up to 83% dilution by June 2027. The BitMEX co-founder argued that falling AI stock prices could weaken bank credit expansion, contracting dollar liquidity and weighing on Bitcoin and other crypto assets in the near term. Hayes said his investment firm Maelstrom will stay on the sidelines until liquidity conditions clearly improve. He added that a systemic crisis in the AI industry could ultimately force central banks into monetary easing, a bullish outcome for Bitcoin over the longer run. Traders will watch AI equity performance and dollar liquidity conditions for the next directional signal.