Arthur Hayes Predicts Three Factors That Could Burst the AI Bubble (Throwback Video) On June 26, 2026, BitMEX co-founder Arthur Hayes @CryptoHayes shared three key reasons that could lead to the collapse of the current AI bubble during an interview with Bonnie Blockchain. He believes that, first, a surge in oil prices driven by geopolitical conflicts will significantly increase computing costs in the AI sector. Second, the U.S. government's politicized bans on cutting-edge models could leave international paying users at high risk of sudden service disruptions. Lastly, fearing such disruptions, international users may shift en masse to Chinese open-source models, which cost only one-tenth of U.S. models. This trend could directly undermine the high valuations of U.S. AI companies, which rely on high fees and profit margins. Source: Bonnie Blockchain