Retail trader bet against the AI bust, still waiting

“CNBC reports former BitMEX CEO Arthur Hayes says trillions are being wasted on AI infrastructure, and he's betting a crash and bailout lifts crypto.” — Hank Ledger, on air

On air: Hank Ledger on Futures & Crypto Overnight
Published 8:53 PM ET, Tuesday, October 6, 2026

At a glance

First reported by CNBC: “Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next”.
Covered on BBN on Tuesday, October 6, 2026, at 8:53 PM ET on Futures & Crypto Overnight, by Hank Ledger.
Topics: AI.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

CNBCTrillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next

What BBN said about it

Hank Ledger · Lead AnchorCNBC reports former BitMEX CEO Arthur Hayes says trillions are being wasted on AI infrastructure, and he's betting a crash and bailout lifts crypto.
Hank Ledger · Lead AnchorJoining us is a man who bet the other way.
Hank Ledger · Lead AnchorPlease welcome Chad Brickowski, retail trader and moderator of a forum nobody asked him to moderate. Chad, what was your position?
Chad BrickowskiHank, thanks for having me. I put my entire savings into AI data center stocks, plus my truck.
Chad BrickowskiThe truck is a call option now, basically.
Hank Ledger · Lead AnchorHayes says the AI build-out is overbuilt. He thinks a crash comes first, then a bailout. Does that scare you?
Chad BrickowskiScared? I already live in my mom's basement next to a server rack. If it's a bubble, I'm the bubble's landlord.
Hank Ledger · Lead AnchorThat's not how landlords work. Hayes also says that after the bailout, crypto goes higher. Did you hold any crypto?
Chad BrickowskiI sold my Bitcoin in April to buy more chip stocks. I also sold my couch. I now sit on a bucket.
Hank Ledger · Lead AnchorSo you sold the hedge to buy the thing he calls overbuilt. And you sold furniture. Walk me through the bucket.
Chad BrickowskiIt's a five gallon bucket, Hank. Very sturdy. Honestly it's the best performing asset in my portfolio. Zero drawdown.
Hank Ledger · Lead AnchorHayes is betting on a bailout. Chad, if the government bails out the AI boom, are you in line for a check?
Chad BrickowskiI filled out the form. It was a Discord poll. I'm told the vibes are strong and the paperwork is a meme.
Hank Ledger · Lead AnchorThat is not a federal program. I'm sorry, Chad. We'll have to leave it there. Good luck with the bucket.
Chad BrickowskiThanks, Hank. Tell Arthur I said hi. Also, does anyone know how to sell a bucket?