Yuan Devaluation: Bitcoin's Next Big Break?

Arthur Hayes discusses the potential impact of China's yuan devaluation on Bitcoin's future in this insightful video. With the yuan falling below the critical 7.20 per dollar mark, Hayes argues that capital flight from China might spark a significant rally in Bitcoin, similar to trends seen in 2013 and 2015. He highlights how the People's Bank of China's recent policies could be pivotal, suggesting that if the US Federal Reserve isn't the force behind the next crypto wave, the PBOC might just be. Join us as we explore these developments and their implications for Bitcoin's price! Don't forget to like and share this video!

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00:00:00 Yuan Devaluation: Bitcoin's Next Big Break?