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Arthur Hayes, co-founder of the BitMEX crypto exchange, expressed the opinion that cryptocurrency markets may face a serious downturn around the day of President Trump’s inauguration on January 20, 2025. He plans to reduce certain positions in advance, hoping to buy back key assets at lower prices in the first half of 2025. Hayes is also skeptical about the possibility of creating national bitcoin reserves, considering it unlikely.
In his opinion, the effective period of Trump’s policy will be no more than a year, but investors have excessive expectations on him, hoping for a quick change in the current situation. When the market realizes that it will be difficult for Trump to implement effective changes in the short term, it can provoke a wave of asset sales, including cryptocurrencies. 1 reply
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