#BTCvsMarkets The fall of the yuan against the dollar will trigger a rise in bitcoin to $1 million
Arthur Hayes, head of the Maelstrom fund, predicts a rise in bitcoin to $1 million due to the yuan falling to 10 per dollar. The current rate is 7.28, and for this scenario to play out, the yuan must fall by 37%. Hayes links this to Trump's trade wars, which Xi Jinping will not soften. In his opinion, the weakening yuan will push investors towards bitcoin as a safe haven. He also advises investing in gold, whose price reached $3168 on April 3, expecting its rise due to the same conflicts. The forecast is ambitious but depends on serious economic shifts, which is still in question.
