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Arthur Hayes warned Wednesday that Bitcoin (BTC) could decline alongside SpaceX (SPCX) before a central bank bailout sparks a rally. He noted SpaceX’s share count has risen 50% since its IPO while the stock price stayed flat, with roughly 8.6 billion shares set to unlock by June 2027, largely tied to Elon Musk’s vesting schedule. Hayes framed the dilution as a drag on AI-linked equities that could weigh on crypto in the interim.
Arthur Hayes warned Wednesday that Bitcoin (CRYPTO: BTC) could fall alongside SpaceX (NASDAQ:SPCX) before a central bank bailout sparks a rally, according to a Medium post cited in reporting.
Dilution Math Points to Falling AI Stocks
Hayes wrote that SpaceX’s share count has already grown 50% since its IPO while the stock price stayed flat.
He added that another roughly 8.6 billion shares are set to unlock by June 2027, mostly tied to Elon Musk’s vesting schedule.
Bitcoin Tied to AI-Linked Equities
Hayes framed the dilution as a drag on AI-linked equities that could weigh on crypto in the interim, with the bailout-driven rally taking hold afterwards.