At Consensus Miami, BitMEX co-founder and Maelstrom CIO Arthur Hayes joins CoinDesk Live to break down why AI-driven layoffs could create the next banking crisis and how bitcoin is already pricing it in. He also shares his updated BTC price target, his conviction bet on Hyperliquid, and why he thinks crypto regulation misses the point entirely.

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00:00 - Q1 No-Trade Zone and What Changed Arthur's View

02:34 - AI Layoffs, Over-Leveraged Economy, and the Coming Banking Crisis

04:57 - Why the Fed Is Missing the Problem and What Bitcoin Is Signaling

06:09 - Crypto Regulation, the CLARITY Act, and Why Arthur Doesn't Care

08:29 - Bitcoin $125K Target and the Money Printing Thesis

09:26 - Hyperliquid, Hype $150 by August, and Why Trading Apps Win

15:23 - Prediction Markets, Zcash, and Why Altcoins Will Never Die