Maelstrom Investment Chief Arthur Hayes Predicts 'AI Financial Crisis,' Says It Will Send Bitcoin To A New Record High [Yahoo! Finance]
Walmart Inc. (WMT)
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Source: Yahoo! Finance
A financial crisis triggered by artificial intelligence is looming and it would send Bitcoin to a new price record, according to Maelstrom investment chief Arthur Hayes Hayes said in a Feb. 18 blog post that AI will trigger a financial crisis by destroying the jobs of U.S. knowledge workers. He said the crisis would force the Federal Reserve to engage in massive quantitative easing, which is widely believed to be supportive of perceived risk assets such as Bitcoin. Don't Miss: Security and regulation matter in crypto — explore Kraken Pro's compliance-first trading platform. Wall Street's $12B Real Estate Manager Is Opening Its Doors to Individual Investors — Without the Crowdfunding Middlemen Hayes ran an analysis estimating AI rendered 20% of the U.S.'s estimated 72.1 million knowledge workers jobless. He found that it would trigger $557 billion in credit and mortgage losses, a 13% equity drawdown for the banking industry. He said this drawdown was half as deadly as the 20
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News
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WMT
Earnings
- 2/19/26 - Beat
WMT
Sec Filings
- 2/27/26 - Form 4
- 2/27/26 - Form 4
- 2/27/26 - Form 144
- WMT's page on the SEC website