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Arthur Hayes Suggests Fed or China’s PBOC Will Spark Bitcoin Boom

  • BitMEX co-founder Arthur Hayes suggests that either the U.S. Federal Reserve or China's central bank could spark a Bitcoin boom.
  • Hayes argues that if the U.S. doesn’t ease monetary policy, China’s yuan devaluation will drive capital into Bitcoin.
  • Chinese investors have historically turned to Bitcoin during times of yuan devaluation, and Hayes believes history will repeat itself.
  • Bitcoin has experienced recent volatility but is currently trading just below $79,000.

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