-The chart shows that the USD/CNY exchange rate is 7.3472, indicating that the Chinese yuan is weakening, rising from around 7.22 in mid December to its highest point of 7.3541 on April 7, 2025. -Arthur Hayes believes that the depreciation of the Chinese yuan may drive capital outflows from China into Bitcoin, a trend that occurred in 2013 and 2015 and may push up BTC prices by 2025. -The historical background of 2016 supports this view, as for every 1% depreciation of the Chinese yuan, the price of Bitcoin usually rises by 10-15%, as investors seek to preserve their value.