Is the US banking system on the brink of wiping out 13% of its capital due to AI? Arthur Hayes has issued a very "serious" warning about the negative impact of AI on the real economy. He estimates that if 20% of the knowledge workforce in the US lose their jobs because of AI, commercial banks could face credit losses of up to $557 billion. This means that 13% of the US banking industry's equity could vanish entirely. "Better safe than sorry," as regional banks begin to fail and depositors rush to withdraw, the credit market will completely freeze. Small investors, don't get too excited about the money-printing scenario and forget that before Bitcoin rises, we might have to go through a brutal financial crisis. Don't let the $200,000 price forecast blind you; protecting capital and carefully monitoring banks' balance sheets is what needs to be done right now. $BTC