Sunday, August 10, 2025
Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
Crypto now 24
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
No Result
View All Result
Crypto now 24
No Result
View All Result

Crypto Pioneer Arthur Hayes Suggests Massive Chinese Capital Outflows – How is it Benefiting Bitcoin?

September 22, 2023
in Crypto Exchanges
Reading Time: 2 mins read
A A
0

[ad_1]

Crypto veteran Arthur Hayes has lately shared a thought-provoking perspective on the X platform (previously Twitter). The previous CEO of BitMEX anticipates that billions of {dollars} might move from China into Bitcoin amidst the continuing devaluation of the Chinese language yuan.

Arthur Hayes Analyzing China’s Capital Outflows and Its Yuan Devaluation 

Hayes, who at the moment manages a crypto-focused funding fund known as Maelstrom, has drawn consideration to a possible capital Outflow from China, elevating issues because it worsens stress on the Chinese language yuan (CNY).

Hayes’ evaluation spotlights the devaluation of the yuan, which has seen a staggering 15% drop towards the U.S. greenback for the reason that starting of the 12 months. This depreciation has sparked discussions about whether or not China would possibly contemplate investing billions in Bitcoin and different property to hedge towards financial instability.

To higher perceive the potential scale of capital flight, Hayes consulted Chinese language researcher Andrew Collie. Collie instructed intently monitoring the hole between China’s worldwide internet export earnings and its official overseas reserves. 

In the meantime, knowledge reveals that whereas China’s overseas reserves have elevated by round $32.407 billion this 12 months, whole internet exports have surged by $553.25 billion, probably indicating that roughly $520.85 billion has exited China.

The place May the Cash Leaving China Go? And How It May Influence Bitcoin

Hayes speculates the place these capital outflows is perhaps headed, together with vital investments in property like gold, paying off offshore USD money owed held by Chinese language banks and enterprises, or prosperous people transferring their wealth overseas in response to financial uncertainties.

Hayes implies that a few of these capital outflows might probably discover their means into the cryptocurrency markets, notably benefiting Bitcoin.

Hayes additionally highlights the interaction between the weakening Japanese yen (JPY) and the CNY. He means that the CNY should proceed to depreciate to take care of its competitiveness in comparison with Japan’s exports.

[ad_2]

Source link

Tags: ArthurBenefitingBitcoinCapitalChineseCryptoHayesmassiveOutflowspioneerSuggests
Previous Post

Bloomberg Analyst Warns of Significant Downside Risk for Bitcoin Amid Rising Interest Rates

Next Post

Robbie Williams Partners With Lightcycle for Metaverse Debut

Next Post
Robbie Williams Partners With Lightcycle for Metaverse Debut

Robbie Williams Partners With Lightcycle for Metaverse Debut

Top Securities Expert Explains SEC “Had to Appeal” Ripple Situation, Decodes Binance Next Move

Top Securities Expert Explains SEC “Had to Appeal” Ripple Situation, Decodes Binance Next Move

A New Way to Earn Cryptocurrency – SURF Reward Presale Review

A New Way to Earn Cryptocurrency - SURF Reward Presale Review

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Social icon element need JNews Essential plugin to be activated.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.

s