Summary
- Arthur Hayes, former BitMEX CEO, assessed that China's monetary policy could stimulate a rise in Bitcoin prices.
- He stated that the devaluation of the yuan could lead to capital fleeing China and flowing into Bitcoin.
- Experts believe that China might consider devaluing the yuan as a countermeasure to U.S. tariff policies.
Arthur Hayes, former CEO of BitMEX, has assessed that China's monetary policy could trigger a rise in Bitcoin (BTC) prices.
Former CEO Hayes stated on the 8th via X that "if not the Federal Reserve (Fed), then the People's Bank of China (PBOC) will provide a catalyst for Bitcoin's rise." He noted, "If the yuan is devalued, capital fleeing China will flow into Bitcoin," adding, "This strategy was effective in 2013 and 2015, and it could work in 2025 as well."
Experts believe that China might consider devaluing the yuan as a countermeasure to U.S. tariff policies. Lowering the yuan's value could dilute the impact of U.S. tariff increases, maintaining export competitiveness.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
