Arthur Hayes Suggests Fed or China's PBOC Will Spark Bitcoin Boom
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Arthur Hayes, BitMEX co-founder, suggests that either the U.S. Federal Reserve or China's central bank (PBOC) could spark the next Bitcoin surge. With the yuan weakening past 7.20 per dollar, Hayes believes historical patterns indicate potential capital flight into Bitcoin, similar to trends observed in 2013 and 2015. Despite recent volatility and price drops, Hayes remains bullish and recommends buying the dip.
April 08, 2025 | 12:00 pm
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Bitcoin could see significant movement based on potential monetary policy shifts by the Fed or PBOC, with yuan devaluation potentially driving capital into cryptocurrency.
Arthur Hayes highlights historical correlation between yuan devaluation and Bitcoin price increases. Current yuan weakness and potential central bank actions could trigger capital inflow into Bitcoin.
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IMPORTANCE 90
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