BIS chief warns AI capex arms race relies on opaque debt, posing systemic risks

Crypto Insight Summary: Pablo Hernandez cited historical railway and dot-com bubbles to caution that spending driven by hype over actual profits risks broad economic corrections. Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: AI spending concerns may trigger risk-off sentiment in speculative assets.