Arthur Hayes, co-founder of Bitmex, criticized AI companies like OpenAI and Anthropic as "worthless" and reliant on government support, warning that the AI investment bubble is burning cash unsustainably. He argued that as the AI bubble grows, government bailouts will increase, which in turn will boost Bitcoin's value, positioning Bitcoin as a marker of wasted money. This comes amid a significant market downturn in tech stocks and warnings from analysts about a potential AI boom-and-bust cycle. Hayes suggests that a crash in AI investments could trigger a major Bitcoin rally once government intervention begins.
Bitcoin trades at Rp1.460.000.099 on Pluang as of Oct 17, 2026 18:21 WIB, showing a 1.28% decline in the past day. The platform records a market cap of Rp29.584,16 trillion and a 24-hour trading volume of Rp409,99 trillion. Despite the recent dip, 66% of Pluang users are buying Bitcoin, holding it on average for 111 days.
Prediction markets indicate varying probabilities for major cryptocurrencies reaching price milestones by year-end. Bitcoin's chance of hitting $100,000 is 24%, slightly down from the previous day, with a 7% chance of reaching $120,000. Ether's proba...
Celestia (TIA) surged 21.77% to $0.734 in 24 hours ending Oct. 17, topping gains among 90 tracked cryptocurrencies despite most assets falling. Other notable gainers include Worldcoin (WLD) up 5.87% and Polkadot (DOT) up 3.04%. Meanwhile, Pyth Networ...
Bitcoin is currently trading around $81,500, showing strong bearish momentum within an established downtrend. The price has struggled to break above the significant resistance level at $83,000, with sellers defending this zone. Technical indicators l...
Bloomberg Intelligence strategist Mike McGlone predicts Bitcoin could fall to $10,000 if U.S. stocks drop 20%, citing market and bond yield pressures. Cryptoquant CEO Ki Young Ju counters this view, arguing that $30,000 is a more realistic floor base...
Celestia (TIA) surged 16.59% to $0.688, leading the top 90 cryptocurrencies as 59 declined in the past 24 hours. It briefly rose over 30% earlier in the day. Other notable gainers included Bitway (BTW) up 6.62% and Lighter (LIT) up 4.97%, while Stack...
