BTC Price to $100K? Arthur Hayes Says Yuan’s 7.34 Devaluation Could Spark the Next Bitcoin Bull Run

Arthur Hayes, the outspoken co-founder of BitMEX, is making waves again, this time with a bold prediction: China’s yuan devaluation could kick off a major bull run in Bitcoin. As the Chinese yuan slipped past 7.34 against the U.S. dollar, Hayes took to social media to connect the dots between China’s monetary moves and a potential surge in crypto. If the Federal Reserve isn’t going to reignite the rally, Hayes argues, the People’s Bank of China just might, with a looser monetary policy and a weakening currency that pushes capital into Bitcoin.

Beijing Loosens the Grip: The Yuan Slips Below the Red Line

For the first time since September 2023, China let the yuan drop past the key 7.20-per-dollar mark, something traders see as a big psychological signal. The PBOC’s daily midpoint fix at 7.2038 shows that policymakers are getting more comfortable with a weaker currency, likely in response to rising trade tensions with the U.S. Hayes sees this as a turning point. In his words: “If not the Fed, then the PBOC will give us the yachtzee ingredients.” Translation? China may be laying the groundwork for Bitcoin’s next big leg up, whether it’s intentional or not.

Capital Flight, Trade War Drama, and Bitcoin as a Safe Haven

Hayes isn’t just making a wild guess; he’s looking to previous market data. Back in 2013 and 2015, the BTC Price surged in the wake of similar yuan devaluations, fueled by fears of capital controls and economic uncertainty. Fast forward to now, and we’ve got the U.S. slapping a 104% tariff on Chinese imports starting April 9, while China digs in its heels. As the yuan nears multi-year lows, Hayes warns investors: “Ignore China at your own peril.” In his view, wealthy Chinese investors could start looking for a safe haven, and Bitcoin is sitting right there, waiting.

Bitcoin Price Action Snapshot: What The Charts Are Saying

The BTC Price on a 5-minute chart paints a picture of recent turbulence. The BTC price fell sharply from the $81,000 resistance zone, broke below $78,000, and found support near $74,000. While there was a brief bounce, supported by golden crosses on the MACD and multiple oversold RSI readings, bulls couldn’t sustain momentum. Each rally met stiff resistance near $77,000, signaling continued bearish pressure. Price has since drifted sideways, with fresh death crosses forming and no break above $77,500. Unless buyers step in with volume, a retest of lower support near $74,500 looks likely. Traders should stay cautious as the market waits for its next cue.

Chart 1, Analyzed by Alokkp0608, published on April 9th, 2025

All Eyes on China as Bitcoin Awaits Its Next Move

As global tensions rise and Beijing leans into its own monetary playbook, Bitcoin is starting to look like more than just a digital asset, it’s becoming an escape hatch. Arthur Hayes connects the dots between China’s yuan devaluation and BTC price potential to soak up fleeing capital. We’ve seen this before: When the yuan weakens, Bitcoin tends to catch a tailwind. 

Right now, the BTC price is trading in a tight range and facing some short-term resistance, but the bigger picture is shifting. If China continues to let its currency slide, it could quietly light the fuse for Bitcoin’s next big run. For traders and investors, this isn’t just noise, it’s a macro setup worth watching closely. Momentum is building, and the next chapter in Bitcoin’s global rise might just be written from Beijing’s monetary strategy room.

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