cryptojournalist
Arthur Hayes, BitMEX co-founder, warns of a crypto market slump around Donald Trump’s January 2025 inauguration. While some see Trump’s presidency as a crypto boost, Hayes urges caution.
Overhyped Expectations
In his “Trump Truth” blog, Hayes highlighted unrealistic hopes for immediate crypto policy changes under Trump. He predicts that delays in implementing reforms will disappoint investors, leading to a sharp sell-off around inauguration day.
Maelstrom’s Game Plan
Hayes’ fund, Maelstrom, plans to sell some assets before the inauguration, expecting prices to drop. The goal is to reinvest at lower prices later in 2025. Hayes acknowledges the risk of missing out if the market stays bullish but remains prepared to adapt.
Split Market Forecasts
While Hayes expects turbulence, others, like Matrixport, predict a strong start for Bitcoin in 2025, citing potential mainstream adoption under Trump. However, rumors of a MicroStrategy buying freeze in January add uncertainty to the mix.
