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China’s Tariff Response Could Be Good For Bitcoin and Bring More Capital

  • China's devaluation of the yuan in response to tariffs could drive Chinese capital toward Bitcoin, according to analysts.
  • The devaluation of the yuan has historically led to an increase in interest and investment in Bitcoin.
  • Chinese investors tend to move their capital into Bitcoin when the yuan weakens, leading to a potential price surge in the cryptocurrency.
  • The connection between yuan devaluation and increased Bitcoin demand has been observed in previous instances, such as in 2015 and 2019.

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