{"id":4467,"date":"2024-12-19T11:33:27","date_gmt":"2024-12-19T11:33:27","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4467"},"modified":"2024-12-19T11:33:27","modified_gmt":"2024-12-19T11:33:27","slug":"crypto-may-see-harrowing-dump-around-trumps-inauguration-warns-arthur-hayes","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4467","title":{"rendered":"Crypto May See \u2018Harrowing Dump\u2019 Around Trump\u2019s Inauguration, Warns Arthur Hayes"},"content":{"rendered":"
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Prominent crypto market commentator and former BitMEX CEO Arthur Hayes predicts<\/a> a \u201charrowing dump\u201d in the digital assets market around President-elect Donald Trump\u2019s inauguration. However, Hayes adds that the anticipated market crash will likely be followed by a strong bullish trend reversal.<\/p>\n

Hayes Warns Against Overblown Expectations From Trump<\/h2>\n

Renowned crypto market analyst Hayes shared a new blog post outlining his views on the crypto market\u2019s trajectory for the coming year. According to Hayes, the disconnect between the crypto market\u2019s high expectations for Trump\u2019s incoming administration and the political reality will likely spook investors, triggering a significant market sell-off.<\/p>\n

Hayes points to the market\u2019s unrealistic expectations from Trump, saying that it is \u201calmost impossible for Trump to appease his base sufficiently to prevent the Democrats from retaking both legislative bodies in 2026.\u201d As a result, Trump will have, at best, one year to enact any policy changes.<\/p>\n

The crypto entrepreneur warned that the market\u2019s realization of these limitations will trigger a \u201cvicious sell-off\u201d in digital assets. He revealed that his investment fund, Maelstrom, plans to book profits ahead of the anticipated sell-off and re-enter the market at lower prices during the first half of 2025. However, Hayes noted that he is open to \u201cadmitting defeat\u201d if no market correction occurs by January 20.<\/p>\n

Trump\u2019s victory in the US presidential election has sparked fresh hope in the crypto market, resulting in BTC rising past $100,000 price level for the first time ever. At the time of writing, the total crypto market cap stands at $3.81 trillion.<\/p>\n

\"total<\/p>\n

Trump\u2019s victory has also fuelled speculation about the creation of a potential national strategic Bitcoin reserve, a move that could spur competitive sovereign purchases by other nations. However, Hayes does not<\/a> expect such a reserve to materialize anytime soon. He explained:<\/p>\n

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While I don\u2019t believe the US government will purchase Bitcoin, it doesn\u2019t affect my positive price outlook. At the end of the day, a gold devaluation creates dollars which must find a home in real goods\/services and financial assets.<\/p>\n<\/blockquote>\n

Contrasting Projections For BTC Price Action<\/h2>\n

While Hayes foresees an impending crypto market dump in early 2025, crypto financial services firm Matrixport predicts otherwise. According to a recent X post<\/a>, the firm expects a \u201cstrong start\u201d for BTC going into 2025.<\/p>\n

Similarly, Standard Chartered bank estimates<\/a> that BTC may climb up to $200,000 by 2025 as more institutions continue to accumulate the top digital asset. A recent report by crypto exchange Bitfinex also predicts<\/a> further upside potential in BTC after its consolidation around the $100,000 price level.<\/p>\n

Even more ambitious price targets were shared by Bitwise\u2019s Matt Hougan, who said<\/a> that buying BTC before it reaches $500,000 would still be considered \u201cearly.\u201d At press time, BTC trades at $104,002, down 2.8% in the past 24 hours.<\/p>\n

\"crypto\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Prominent crypto market commentator and former BitMEX CEO Arthur Hayes predicts a \u201charrowing dump\u201d in the digital assets market around President-elect Donald Trump\u2019s inauguration. However, Hayes adds that the anticipated market crash will likely be followed by a strong bullish trend reversal. Hayes Warns Against Overblown Expectations From Trump Renowned crypto market analyst Hayes shared […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4467","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4467"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4467\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}