TechFlow, April 8 — Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom Fund, posted on social media stating that if not the Federal Reserve, then the People's Bank of China could become a catalyst for Bitcoin's price surge. He believes that depreciation of the Chinese yuan could trigger a narrative of capital flight from China into Bitcoin—a pattern that proved effective in 2013 and 2015, and which may repeat in 2025. Hayes warned investors: "Ignoring China will come back to bite you."
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