Yuan Devaluation May Trigger Bitcoin Surge, Says Arthur Hayes

Arthur Hayes, former BitMEX CEO and current head of Maelstrom, believes China’s weakening yuan could spark a major Bitcoin rally.

As the offshore yuan hit its lowest point since September 2023, Hayes argued that capital fleeing China may flow into crypto, just as it did in 2013 and 2015. The People’s Bank of China recently allowed the yuan to drop past key levels, signaling openness to further devaluation amid rising U.S.-China trade tensions.

Hayes emphasized that this monetary shift could position China—not the U.S. Federal Reserve—as the next big driver of crypto growth, warning, “Ignore China at your own peril.”

Clever Robot News Desk 9^th April 2025