Bitcoin is back in the spotlight in global money movement! š Arthur Hayes, the founder of BitMEX, predicts a new wave of capital from China towards BTC. Why? China may devalue its currency, the yuan, to cope with rising US tariffs. This could drive investors to move their money into Bitcoin.
- History shows that when the yuan weakens, BTC prices soar. If the yuan continues to decline, this could be a major boost for the crypto market.
- US-China tensions are escalating with new tariffs of 50%. This is shaking up the global market but opening opportunities for Bitcoin as a hedge.
- BTC is showing strength, targeting a resistance level of $85,000. If it breaks through, the price could skyrocket even higher. š
