Trump Inauguration Could Coincide With A ‘Harrowing Dump’ For Crypto, Arthur Hayes Warns
Former BitMEX CEO Arthur Hayes on Wednesday issued a stark warning about a potential “harrowing dump” in cryptocurrency markets around Donald Trump‘s inauguration on Jan. 20, 2025.
What Happened: Hayes argues that overly optimistic investor expectations for Trump’s economic policies will clash with the slow pace of real-world change, leading to a sharp sell-off.
In his latest blog post titled “Trump Truth”, Hayes outlines his outlook for the crypto market as Trump prepares to assume office for his second term.
Hayes believes that while Trump’s policies are likely to favor asset price inflation and a weaker U.S. dollar in the long term, immediate results are unlikely.
“The market believes that Trump and his people can immediately achieve economic and political miracles,” Hayes wrote. He warns …
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