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Arthur Hayes Bets Big On Chinese Money Coming to Bitcoin

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Summary
Nutrition label

64% Informative

Bitcoin 's price is expected to target the critical $ 85,000 resistance level before deciding on next move.

BitMEX co-founder Arthur Hayes believes that Chinese money could soon be entering Bitcoin .

He argues that yuan devaluation could push capital outflows into Bitcoin as investors seek alternatives.

BTC price has already bounced back from yesterday ’s lows of $ 74,400 , and is currently trading north of $ 80,000 levels.

VR Score

46

Informative language

34

Neutral language

33

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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