Mars Finance News, BitMEX co-founder Arthur Hayes pointed out on social media that if not the Federal Reserve, the People's Bank of China could also be a catalyst for Bitcoin's rise. He believes that the depreciation of the renminbi will trigger a narrative of capital flight from China into Bitcoin, a pattern that worked in 2013 and 2015 and may happen again in 2025. Hayes warned investors that "ignoring China will make you eat your own bitter fruit".
Arthur Hayes: RMB depreciation may drive Bitcoin up
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