Hayes said humanity is wasting trillions of dollars on AI data center construction and predicted that concentrated new capacity delivery from late 2027 to 2028 will be a test, with government bailout liquidity benefiting bitcoin and other crypto assets. He noted that SpaceX, OpenAI and Anthropic are unprofitable compute end users while upstream suppliers like memory chip makers and Nvidia are profitable, and he launched Flop, a payment project for AI agents expected to launch in Q1 2027.