Bitcoin's Divergence From Nasdaq Is a Warning on Dollar Liquidity: Arthur Hayes

In brief

• Bitcoin’s decline is diverging from Nasdaq’s sideways movement, flashing a warning signal according to Maelstrom fund’s Arthur Hayes.
• Hayes estimates $330 billion in consumer credit losses if 20% of knowledge workers lose jobs to AI
• While experts agree with the idea, they disagree on the timeline, suggesting that disruption of that scale takes quarters, not weeks