Hayes on the reverse yen carry trade: It's a controlled unwind, not a global crash. Japan will bring capital home. The U.S. backstops the selling with FIMA repo and extra dollar liquidity so Treasuries do not get dumped into a fire sale. Markets still move hard, yen up, crowded carry and U.S. tech relatively weaker, gold and crypto stronger, but the official aim is a managed rotation of what gets funded, not a 2008-style break. 📺

Arthur Hayes (@CryptoHayes) just called for $ENA to reach $0.50. He bought 25.33M $ENA ($5.53M) at an average price of $0.09 a month ago and is now sitting on a $3.28M unrealized profit (+146%)!

Arthur Hayes: AI Capital Misallocation Could Benefit Bitcoin and Gold On September 8, 2026, BitMEX co-founder Arthur Hayes @CryptoHayes said in an interview with The Rollup @therollupco that the AI industry is entering a phase of capital misallocation, with large amounts of capital continuing to flow into data centers and related companies while some projects remain heavily reliant on cash burn. He believes political factors may drive governments and central banks to expand their balance sheets and provide liquidity to conceal bad investments, which is one reason why assets such as Bitcoin and gold have been performing strongly. Wu Blockchain cautioned that Arthur Hayes’ historical track record for market predictions has been relatively inaccurate and that his views are often subject to change. It recommends focusing on his analytical framework rather than his specific price and timing predictions.