{"id":22816,"date":"2025-04-08T13:25:04","date_gmt":"2025-04-08T10:25:04","guid":{"rendered":"https:\/\/forklog.com\/en\/arthur-hayes-predicts-bitcoin-surge-amid-yuan-weakness\/"},"modified":"2025-04-08T13:25:04","modified_gmt":"2025-04-08T10:25:04","slug":"arthur-hayes-predicts-bitcoin-surge-amid-yuan-weakness","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/arthur-hayes-predicts-bitcoin-surge-amid-yuan-weakness\/","title":{"rendered":"Arthur Hayes Predicts Bitcoin Surge Amid Yuan Weakness"},"content":{"rendered":"<p>China&#8217;s response to the <a href=\"https:\/\/forklog.com\/en\/news\/a-volatile-friday-how-crypto-reacted-to-tariffs-and-the-fed-chairs-remarks\">new US tariffs<\/a> could trigger a capital shift into cryptocurrencies, according to former BitMEX CEO Arthur Hayes.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">If not the Fed then the PBOC will give us the yachtzee ingredients. <\/p>\n<p>CNY deval = narrative that Chinese capital flight will flow into <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>. <\/p>\n<p>It worked in 2013 , 2015, and can work in 2025. <\/p>\n<p>Ignore China at your own peril. <a href=\"https:\/\/t.co\/LAOeQZEjZt\">pic.twitter.com\/LAOeQZEjZt<\/a><\/p>\n<p>\u2014 Arthur Hayes (@CryptoHayes) <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/1909427649157775851?ref_src=twsrc%5Etfw\">April 8, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The devaluation of the yuan by the People&#8217;s Bank of China (PBOC) in response to US trade tariffs could trigger a new bull run in the crypto market, the expert believes.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;If not the <span data-descr=\"United States Federal Reserve\" class=\"old_tooltip\">Fed<\/span>, then the PBOC will provide all the necessary conditions for growth,&#8221; Hayes noted.<\/em><\/p>\n<\/blockquote>\n<p>He recalled that a similar scenario was observed in 2013 and 2015 and could repeat in 2025.<\/p>\n<p>Bybit CEO Ben Zhou agreed with Hayes.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Translation: US vs China Tariff war \u2026 China will try to lower RMB to counter the tariff, historically, whenever RMB drops, a lot of Chinese capital flow into BTC, bullish for BTC. <a href=\"https:\/\/t.co\/OQ4wtSdDWQ\">https:\/\/t.co\/OQ4wtSdDWQ<\/a><\/p>\n<p>\u2014 Ben Zhou (@benbybit) <a href=\"https:\/\/twitter.com\/benbybit\/status\/1909435771217756299?ref_src=twsrc%5Etfw\">April 8, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He emphasized that in the past, amid yuan weakening, &#8220;a significant portion of Chinese capital flowed into Bitcoin,&#8221; creating a strong impetus for the asset&#8217;s growth.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-08-124212.webp\" alt=\"Snimok-ekrana-2025-04-08-124212\" class=\"wp-image-256080\"\/><figcaption class=\"wp-element-caption\">Yuan against the US dollar since 2022. Data: <a href=\"https:\/\/www.google.com\/finance\/quote\/USD-CNY?window=5Y\">Google Finance<\/a>.<\/figcaption><\/figure>\n<p>In August 2015, China devalued the yuan by nearly 2% against the US dollar, marking the largest one-day drop in decades. During this period, interest in digital gold surged, although the question of direct causation remains debated.<\/p>\n<p>In August 2019, the yuan&#8217;s exchange rate against the US dollar fell below 7:1. During the same period, Bitcoin&#8217;s price rose. Some analysts <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-safe-haven-sucking-in-money-from-china-says-blockchain-executive\">suggested<\/a> that Chinese investors used the digital asset as a hedge, as the coin&#8217;s rate jumped 20% in the first week of August.<\/p>\n<p>In September 2023, analysts at <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-09-19\/china-s-worst-capital-outflow-in-years-spells-more-yuan-pressure\">Bloomberg<\/a> noted that amid a weakening national currency, investors often use Bitcoin to preserve capital and circumvent restrictions related to currency control.\u00a0<\/p>\n<p>Devaluation also undermines trust in central banks and the traditional financial system, which may accelerate the shift to decentralized instruments like digital assets, experts explained.<\/p>\n<p>On April 7, US President Donald Trump <a href=\"https:\/\/forklog.com\/en\/news\/bloomberg-analyst-foresees-bitcoin-plunge-to-10000\">ruled out<\/a> lifting existing tariffs and threatened to impose new 50% tariffs on Chinese goods.<\/p>\n<p>Amidst this, Bloomberg Intelligence strategist Mike McGlone warned of Bitcoin falling to $10,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s response to the new US tariffs could trigger a capital shift into cryptocurrencies, according to former BitMEX CEO Arthur Hayes. If not the Fed then the PBOC will give us the yachtzee ingredients. CNY deval = narrative that Chinese capital flight will flow into $BTC. It worked in 2013 , 2015, and can work [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1193,133,1146,842,26],"class_list":["post-22816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arthur-hayes","tag-china","tag-cryptocurrency-market-forecasts","tag-politics","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22816"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22815"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}