Arthur Hayes： The depreciation of the Chinese yuan may drive the rise of Bitcoin

In the golden financial report, Arthur Hayes, co-founder of BitMEX, pointed out in a social media article that if it was not the Federal Reserve, the People's Bank of China might also become a catalyst for the rise of Bitcoin. He believes that the depreciation of the Chinese yuan will trigger the narrative of Chinese capital fleeing into Bitcoin, a pattern that worked in 2013 and 2015 and may happen again in 2025. Hayes warns investors that 'ignoring China will backfire'.