The ‘Yachtzee Ingredients’: Hayes Bets Yuan Devaluation to Fuel the Next BTC Surge
- Arthur Hayes identifies two key catalysts for next Bitcoin surge: Fed cuts or Yuan devaluation
- Hayes emphasizes potential Yuan devaluation, citing history (2013, ’15, ’17) of China capital flight boosting BTC
- Believes Fed easing or China currency move could override tariff noise, fuel BTC rally
BitMEX co-founder Arthur Hayes identified two macro developments he believes could soon trigger a Bitcoin surge, looking beyond the immediate market volatility caused by U.S. tariff policies.
His focus centers on Federal Reserve interest rate cut decisions and, more pointedly, a possible devaluation of the Chinese Yuan.
Spotlight on Potential Chinese Yuan Devaluation
Hayes emphasized via X that a devaluation of China’s currency by the People’s Bank of China (PBOC) could provide Bitcoin holders with major upside catalysts – what he termed “yachtzee ingredients.” He argued this isn’t theoretical, drawing parallels to past events.
The post The ‘Yachtzee Ingredients’: Hayes Bets Yuan Devaluation to Fuel the Next BTC Surge appeared first on Coin Edition.
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The ‘Yachtzee Ingredients’: Hayes Bets Yuan Devaluation to Fuel the Next BTC Surge
- Arthur Hayes identifies two key catalysts for next Bitcoin surge: Fed cuts or Yuan devaluation
- Hayes emphasizes potential Yuan devaluation, citing history (2013, ’15, ’17) of China capital flight boosting BTC
- Believes Fed easing or China currency move could override tariff noise, fuel BTC rally
BitMEX co-founder Arthur Hayes identified two macro developments he believes could soon trigger a Bitcoin surge, looking beyond the immediate market volatility caused by U.S. tariff policies.
His focus centers on Federal Reserve interest rate cut decisions and, more pointedly, a possible devaluation of the Chinese Yuan.
Spotlight on Potential Chinese Yuan Devaluation
Hayes emphasized via X that a devaluation of China’s currency by the People’s Bank of China (PBOC) could provide Bitcoin holders with major upside catalysts – what he termed “yachtzee ingredients.” He argued this isn’t theoretical, drawing parallels to past events.
The post The ‘Yachtzee Ingredients’: Hayes Bets Yuan Devaluation to Fuel the Next BTC Surge appeared first on Coin Edition.
Read More
Tariff Time Again: What New US tariffs on China Mean for Your Crypto