💸 Arthur Hayes believes that OpenAI and Anthropic's talks about "safe deceleration" of AGI might be hiding a simpler problem — AI demand at current prices turned out to be weaker than expected.

If training costs start to be cut because of this, data centers, chips, and related debts will be hit, and potential US support for the industry, in his opinion, will ultimately add dollar liquidity and play in favor of Bitcoin.

@DeCenterOrg