Arthur Hayes predicts potential Bitcoin boost from PBOC actions
@CryptoHayes: Hayes sees Bitcoin boost
Arthur Hayes, co-founder of BitMEX, forecasts a scenario where the People's Bank of China (PBOC) could influence Bitcoin's valuation through currency devaluation.
Hayes’s tweet suggests that if the Chinese yuan (CNY) faces devaluation, Chinese capital flight might turn to Bitcoin as a stable asset. He references historical contexts in 2013 and 2015, where capital flow into Bitcoin was observed during similar monetary shifts. Hayes urges the crypto market to not overlook China's financial maneuvers stating, ''Ignore China at your own peril.''
This perspective raises questions about how geopolitical finance may impact decentralized digital currencies in the future.
Loading...
In the previous news, tweet author Arthur Hayes discussed global economic trends.
