CoinEx News: Arthur Hayes argued on May 11, 2026 that Bitcoin and crypto are entering a liquidity-driven bull phase as AI capital spending, wartime supply-chain stress, and sovereign infrastructure buildouts force the US and China to keep fiat credit expanding. In his essay, Hayes said AI data-center investment and "just-in-case" commodity stockpiling will support looser financial conditions, while naming BTC, HYPE, ZEC, and NEAR as assets tied to his risk-on positioning.