‘Harrowing’ Crypto Price Crash Coming When Donald Trump Gets Inaugurated: Arthur Hayes
Crypto veteran Arthur Hayes thinks the digital asset market will endure a “harrowing” crash next month.
The BitMEX co-founder says in a new analysis that longstanding economic issues will make it “almost impossible” for US President-elect Donald Trump to retain control of both legislative chambers in 2026, meaning he doesn’t have much time to accomplish his policy goals.
“The people are impatient because they are desperate. Trump is an astute politician and knows his base. To me, that means he must go big early, which is why my money is on a massive dollar vs. gold devaluation early into his first 100 days in office. It is an easy way to make production costs globally competitive in America quickly. It will lead to an immediate re-shoring of productive capacity, leading to an increase in hiring today and not five years from now.
Before we get to the crack-up-boom phase in this crypto bull market, I believe the crypto markets will experience a harrowing dump around Trump’s January 20th 2025 inauguration day. Maelstrom will be lightening up on certain positions in advance, hoping to rebuy some core positions at lower prices sometime in 1H25.”
Maelstrom is Hayes’ family office fund.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post ‘Harrowing’ Crypto Price Crash Coming When Donald Trump Gets Inaugurated: Arthur Hayes appeared first on The Daily Hodl.