Perpetual Contract Inventor Arthur Hayes: Only AI Stocks Are Rising in Global Capital Markets, Only a Few Cryptocurrencies Are Strengthening

Odaily Planet Daily News Arthur Hayes stated during a podcast on May 22 that currently, only AI stocks are rising in the global capital markets, while almost all other sectors are weakening. Hayes attributed this to factors including shrinking demand due to consumer unemployment, AI giants consuming most of the globally available credit, and governments prioritizing AI capital expenditure at the highest level, squeezing financing space for other industries. Hayes also noted that this is not a broadly rising bull market, and even in the crypto market, only a few tokens are strengthening, making it a difficult period for most people.