A New Perspective: Chinese Capital may Flow into Bitcoin Amidst Devaluation

Renowned figure Arthur Hayes shared a new perspective with his followers on the X platform. The former CEO of BitMEX claimed that the ongoing devaluation in China would cause billions of dollars to flow into Bitcoin. “Capital Transferred from China could Turn to BTC!” Arthur Hayes, who operates a crypto-oriented investment fund called Maelstrom, raised concerns about the potential capital outflow from China, which worsened the pressure on the Chinese yuan (CNY).The post A New Perspective: Chinese Capital may Flow into Bitcoin Amidst Devaluation appeared first on COINTURK NEWS.