Live updates: An AI credit bubble could set up bitcoin’s path to $1 million

According to CoinDesk, Arthur Hayes, co-founder of Maelstrom, predicts that an overleveraged AI credit bubble could trigger significant government bailouts, which would in turn propel Bitcoin towards a $1 million valuation. He believes that the current market dynamics reflect a scenario similar to the 2008 financial crisis rather than the dot-com bust. Meanwhile, while Bitcoin remains stable, other cryptocurrencies like Zcash are experiencing notable gains. Read the full story at CoinDesk . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.