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Arthur Hayes On The Early Days Of BitMEX, Where Bitcoin Is Going, And Why We Are Over-Indexing On AI

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Based on the episode description, not a full transcript. Source evidence retrieved 14/10/2026, 20:48:23 UTC.

Briefings

Arthur Hayes, co-founder of BitMEX and founder of FLOP Network, discusses the early days of Bitcoin trading, the 2013 Lehman Brothers collapse, and his critique of AI-driven crypto. He argues that AI labs are misallocating capital, citing a 75% odds bet on government bailouts for compute commitments. The podcast covers BitMEX's founding, the 100x leverage unlock, and the 30,000 BTC question, while noting the 1000x podcast's disclaimer that views are opinions, not financial advice.

Key points

• Arthur Hayes, co-founder of BitMEX and founder of FLOP Network, traces his career from a high school book that motivated him to learn Chinese and move to Asia.
• He recalls his first trading desk job immediately following the 2008 Lehman Brothers collapse, which he identifies as the catalyst for his entry into the crypto industry.

Context and limitations

The podcast covers BitMEX's founding, the 100x leverage unlock, and the 30,000 BTC question. It also discusses AI critiques and the 75% odds on government bailouts, but specific funding rates and the exact nature of the AI misallocation are not detailed.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 14/10/2026, 20:49:43 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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