Arthur Hayes: A large amount of bitcoin was bought at the end of 2026 at an ETH target price of about $5,000

On 5 August, Arthur Hayes, founder of BitMEX, wrote that the AI bubble was a credit story like that of 2008, and that AI capital expenditure was just another boring real estate game, and that the AI bubble would break when data centre construction slowed down. As credit expands and AI capital spending slows, Bitcoin will bottom and begin to rise in the long run. He indicated that, perhaps, bitcoin hovered between $60,000 and $70,000 for a period of time, with a potential downhill of $50,000. As a result, its family office, Maelstrom, has bought a large amount of bitcoin. At the same time, he believed that the next official statement of the capital in the next six months was based on Taifung, whose target price was $5,000 at the end of 2026。