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Analysts said China’s “fighting to the end” pledges may lead to Donald Trump’s tariffs to a decrease in the value of the yuan and the tensions of policies that would help bite bitcoin.
China’s response came yet US President Donald Trump said on April 7 that he would impose an additional 50 % tariff on China’s imports if the two mutual definitions do not reflect 34 % on the United States.
“The threat of the United States to escalate the definitions of China is a mistake in addition to an error,” Chinese Ministry of Commerce He said In April 8 statement. “If the United States insists on its own way, China will fight to the end. “
China has reduced its grip on the yuan today, which allowed it to drop to 7,2038 per dollar, and weakened it since September. The level of 7.2 lines in the sand of the central bank in China for years, and the decision to allow the currency to the post -this level may indicate a transformation into the consumption of the orbit in the yuan.
Bitcoin can rise as in 2015
Analysts suggest that the weakest yuan can boost bitcoin, as history has shown that Chinese investors often turn into an encrypted currency during the currency decline times.
“The United States is now following widespread economic pressures on China, which may have to respond to the quantity and low value of the currency,” Marcus Thynin, the founder of the 10X Research, said in a note on April 7. “If so – and if China allows a capital trip – Pitcoin can rise, as happened in 2015.”
CEO and founder bybit bin Chu He said in a post on x “A lot of Chinese capital flows to BTC” whenever the yuan decreases. He said that the value of the yuan is “bullish for BTC”.
China also discusses whether it will move forward to reduce measures to help compensate for the Trump tariff impact on the economy, Bloomberg said on April 7.
History shows the weakening of Yuan enhancing bitcoin
Historically, Bitcoin It has risen whenever the yuan decreases while local investors resort to BTC to maintain their wealth, according to the founder of Bitmex Arthur Hayes.
He indicated in a publication on April 8 × that when the Chinese Central Bank in the yuan weakened in 2013 and 2015, the Bitcoin price reinforced, adding that history can repeat itself when the central bank relieves a tariff by allowing the yuan to anxiety, making the export of China cheaper in foreign markets.
If the federal reserve is not, the PBOC will give us the bronchial components.
CNY Deval = List that the Chinese capital flight will flow into $ BTC.
She worked in 2013, 2015, and could work in 2025.
Ignore China in your danger. pic.twitter.com/laoeqzejzt
Cryptohayes April 8, 2025
If the federal reserve is not [Federal Reserve]Then pboc [People’s Bank of China] Hayes wrote in office.
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