Arthur Hayes Sees Bitcoin Potential in China’s Yuan Weakness

Despite a recent market downturn triggered by escalating trade tensions between the US and China, Arthur Hayes, co-founder of BitMEX, remains bullish on Bitcoin. He sees the weakening Chinese yuan as a catalyst for investment in Bitcoin, offering Chinese investors a hedge against inflation amid economic uncertainty. Drawing parallels to past devaluations of the yuan in 2013 and 2015, Hayes believes China’s reliance on alternative investments like Bitcoin will be reinforced by further devaluation of its currency.