Arthur Hayes warns AI could trigger new subprime crisis
Arthur Hayes warns that the rapid adoption of AI could lead to significant white-collar unemployment, potentially triggering a financial crisis similar to 2008. He estimates that around 14.4 million knowledge workers in the U.S. could lose their jobs, resulting in $557 billion in defaults. This scenario could severely impact the banking system, which may not be prepared for such a wave of financial distress.
- ▪Arthur Hayes predicts that AI could displace 20% of U.S. knowledge workers.
- ▪He estimates $330 billion in consumer credit losses and $227 billion in mortgage losses.
- ▪The total projected defaults could reach $557 billion, affecting the banking system.
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Arthur Hayes warns AI could trigger new subprime crisis The BitMEX co-founder projects $557 billion in defaults as AI displaces white-collar workers, potentially dragging Bitcoin to $60K before a Fed-fueled rebound. Share Add us on Google by Editorial Team May. 21, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads'); if (sevioDiv)…
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