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Bitcoin may soar as Chinese investors protect against yuan fall, says Arthur Hayes

  • Chinese investors may drive a major rally in Bitcoin as a hedge against a weakening yuan, says BitMEX co-founder Arthur Hayes.
  • Historically, Chinese investors have turned to Bitcoin in times of yuan devaluation, generating increased demand.
  • The recent drop in the Chinese yuan to its lowest level since 2023 due to fears over US trade tariffs has raised concerns about inflation and currency devaluation.
  • However, strict regulations and legal uncertainties around cryptocurrency trading in China may limit retail investors' access to Bitcoin markets.

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