**Crypto Markets Eye China's Currency Moves**

- BitMEX founder Arthur Hayes suggests China's response to US trade tariffs could trigger capital flight into Bitcoin and crypto. He notes that if the People's Bank of China devalues the yuan, Chinese capital might flow into Bitcoin, as seen in past years.

- Bybit CEO Ben Zhou echoes this sentiment, highlighting that historically, a weaker yuan has led to increased Bitcoin interest.

- Analysts believe wealthy Chinese may use crypto to preserve wealth and bypass capital controls, especially during currency devaluations, which can erode trust in central banks.

- As tensions rise, China's Commerce Ministry vows to counter US tariffs, potentially impacting global markets.