Is it a fact or just a myth that Bitcoin pumps when China’s currency drops? The answer: “it’s a bit of both”. While there’s no hard rule, history shows a pattern—“when the RMB weakens during trade tensions, #BTC often spikes”. But how true is it today? Let’s break it down.
When the U.S. hits China with tariffs, one way China fights back is by letting its currency (the RMB) drop. That makes Chinese exports cheaper, helping offset the impact of tariffs. It’s a tactic China used in past trade wars, like in 2015 and 2019, and it’s very possible they’ll do it again now.
Whenever the RMB weakens, some Chinese investors try to protect their money by moving it into assets that can hold value—like Bitcoin. BTC is decentralized and borderless, which makes it attractive, especially when people fear their currency will keep losing value.
We’ve seen this before. In 2015 and 2019, as the RMB fell, Bitcoin surged. Some analysts believe Chinese capital was quietly flowing into BTC during those times. But today, it’s more complicated. China has strict crypto bans, making it harder to move money into Bitcoin directly. That hasn’t stopped it entirely—people still use stablecoins, VPNs, and offshore platforms.
So, is it bullish for BTC if the #RMB drops? Potentially, yes—but it depends on how much capital actually flows in, and how global markets react. The idea isn’t a guaranteed formula, but in times of uncertainty, $BTC often benefits from fear—and that fear may already be building.