Bybit CEO Ben Zhou emphasizes the impact of a potential devaluation in China’s yuan (RMB) as a key driver for increased Bitcoin adoption. He highlights the historical link between Chinese capital flight and Bitcoin price surges, urging traders to take note of this trend. Zhou warns that neglecting China could pose significant risk to cryptocurrency investments. His analysis aligns with Arthur Hayes’ recent claims regarding Bitcoin’s potential as an asset hedge against global economic volatility. The CEO cites historical examples such as the Yuan devaluation in 2013, 2015, and 2017, which saw a surge in Chinese capital flows into Bitcoin. These events highlight the currency fluctuations’ significance in influencing Bitcoin’s price.