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BitMEX co-founder Arthur Hayes suggests that China’s weakening yuan could drive Bitcoin to new highs as investors seek a hedge. He predicts Bitcoin will outperform altcoins in the near term, with dominance potentially reaching 70%.
- Hayes links Bitcoin's potential surge to China's yuan devaluation and capital flight.
- He predicts Bitcoin dominance could rise to 70%, sidelining altcoins temporarily.
- Ethereum (ETH) may outperform Solana (SOL) once Bitcoin crosses $100,000.
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