The PEOPLE’s Bank of China (PBOC) plans a more accommodative monetary policy, forecasting future interest rate cuts. Analysts anticipate that lowering the target interest rate would align with global financial trends and provide financial support, positively impacting Bitcoin’s future price.

Arthur Hayes, co-founder of BitMEX, predicts a significant price surge in Bitcoin due to China’s expected rate cuts. He argues that Bitcoin performs well during global currency devaluation, becoming attractive for both retail and institutional investors.