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The Impact of the US-China Trade War on the Crypto Market

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According to a tweet by Arthur Hayes, Co-Founder of BitMEX on the account X. @CryptoHayes. Hayes believes that it is not because of the very high US import tariffs, but the actions of the Chinese central bank (PBOC) which will devalue the Yuan currency, so some money will flow into Bitcoin and altcoins. Similar incidents have occurred in 2013, 2015 and may also occur in 2025. Bybit Co-Founder, Ben Zhou, also has a similar opinion that China will devalue the Yuan as a countermeasure to US import tariffs.
 
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