The Chinese yuan has plummeted to its weakest level since 2007, signaling a significant shift in the global economic landscape. This devaluation raises concerns about its impact on […]
Bitcoin Sees Potential Surge as Yuan Devaluation Drives Capital Flight from China
Arthur Hayes, CEO of 21st Capital, believes that a weakening of the Chinese yuan could trigger capital flight from China, potentially boosting Bitcoin’s price. According to Hayes, this […]
Arthur Hayes Warns Of Potential Bitcoin Boom Amidst Chinese Yuan Weakness
Arthur Hayes, co-founder of BitMEX, predicts a potential surge in Bitcoin’s price if the Chinese Yuan further weakens. Drawing on historical patterns from 2013 and 2015, when similar […]
Ben Zhou Warns of Bitcoin’s Potential Surge Triggered by China’s Yuan Devaluation
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 […]