Arthur Hayes, the oracle of crypto, proclaims: behold! The yuan‘s descent is a clarion call for capital to leap into the arms of bitcoin, igniting a bull run that could rival the great floods of yore!
Arthur Hayes: The Great Escape of Chinese Capital into Bitcoin as Yuan Takes a Dive
In a world where fortunes are made and lost faster than a sneeze in a crowded room, Arthur Hayes, the co-founder of Bitmex and now the captain of Maelstrom, has taken to the digital ether to share his thoughts on the impending monetary storm brewing in China. On April 7, he unleashed a torrent of wisdom on platform X, revealing how the whims of the Chinese monetary policy could fan the flames of bitcoin’s next great rally.
As the U.S. dollar/Chinese yuan offshore (USDCNH) soared to 7.3472—a staggering 1.67% leap from its March 11 close of 7.2268—Hayes pointed a finger at the People’s Bank of China (PBOC) as the potential spark:
If not the Fed, then the PBOC will serve us the yachtzee ingredients. 🍹
He mused that if the U.S. Federal Reserve isn’t the puppet master pulling the strings for the next crypto explosion, then the weakening yuan might just take center stage.
“$CNY deval is on like donkey kong!”—a cheeky nod to the potential surge in bitcoin demand as capital scurries out of China.
Hayes, the maestro of macroeconomic trends, elaborated on the strategic implications of China’s maneuvers: “It ain’t over until Xi / China bends the knee. I don’t think that will ever happen, but if it does, they will start by arresting the slide of the yuan. USDCNH is approaching 5-year highs. Xi’s major weapon is independent monetary policy which necessitates a weaker yuan.”
He fortified his argument with a historical anecdote:
CNY deval = the tale that Chinese capital flight will flow into BTC. It worked in 2013, 2015, and can work in 2025. 📈
He concluded with a warning that could echo through the ages: “Ignore China at your own peril.” With the yuan teetering on multi-year lows and bitcoin dancing to the tune of global liquidity shifts, Hayes’ words underscore the potential for a surge driven by Asia in the digital asset markets.
Meanwhile, the U.S. and China have cranked up the trade tensions to eleven, with Washington slapping a 104% tariff on Chinese imports starting April 9. This bold move, courtesy of President Trump’s aggressive tariff strategy, follows China’s stubborn refusal to lift its retaliatory duties. Oh, the drama! 🎭
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2025-04-09 02:57