Ben Zhou Sees Bitcoin Potential Amidst Chinese Capital Flow Woes

Crypto exchange Bybit’s CEO Ben Zhou believes Bitcoin could benefit from potential capital inflows into the asset by Chinese investors. This comes as China and the U.S. face escalating trade tensions, leading to concerns about the Chinese yuan’s value potentially weakening. Zhou cited comments from co-founder Arthur Hayes who suggested that a devaluation of the Yuan might lead to increased investments in Bitcoin, citing historical patterns where such occurrences have led to heightened demand for BTC by Chinese investors. Hayes believes the move by China’s central bank could be prompted to lower the Yuan’s value to counter U.S. tariffs. This aligns with Hayes’ prediction that a devaluation of the yuan would attract Chinese capital into Bitcoin. Zhou, echoing this sentiment, highlights his belief in the rising demand for Bitcoin as geopolitical risks intensify.