Market Cap: $2,240,608,076,766
24h Vol: $69,611,363,494
Cryptocurrencies: 29511
Markets: 110772
Cryptocurrencies: 29511
Markets: 110772
Market Cap: $2,240,608,076,766     
24h Vol: $69,611,363,494
Coin-turk.com 2023-09-21 19:45:44

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

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.
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