Arthur Hayes: The depreciation of the yuan may drive up Bitcoin

ChainCatcher news, BitMEX co-founder Arthur Hayes pointed out in a social media post that if it’s not the Federal Reserve, then the People's Bank of China could also become a catalyst for Bitcoin's rise. He believes that the depreciation of the yuan will trigger a narrative of capital flight from China into Bitcoin, a pattern that worked in 2013 and 2015, and could happen again in 2025. Hayes warned investors that "ignoring China will be detrimental to you."