Arthur Hayes Warns AI is Fueling History’s Biggest Liquidity Bubble

May 12, 2026 - 16:00
Arthur Hayes Warns AI is Fueling History’s Biggest Liquidity Bubble
Arthur Hayes, former BitMEX CEO and Maelstrom CIO, says the global AI arms race has triggered a historic surge in fiat credit. He argues Bitcoin is the main beneficiary. In his latest newsletter, Hayes argues that nation-states treat AI spending as a survival contest. Central banks and commercial lenders, he says, are now funding the...

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