NewsBriefs - Arthur Hayes foresees major crypto sell-off at Trump's inauguration

12/18/2024 15:36
NewsBriefs - Arthur Hayes foresees major crypto sell-off at Trump's inauguration

Arthur Hayes, former CEO of BitMEX and current CIO of Maelstrom, predicts that the gap between high market expectations for Donald Trump's a...

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  • The Block

    Arthur Hayes foresees major crypto sell-off at Trump's inauguration

    Arthur Hayes, former CEO of BitMEX and current CIO of Maelstrom, predicts that the gap between high market expectations for Donald Trump's administration and the political reality will cause a significant crypto sell-off around Trump's inauguration on January 20, 2025. Despite a steep rise in Bitcoin prices following Trump's electoral win and promises of favorable crypto regulations, Hayes highlights the limited time Trump has to enact major policy changes, expecting a market realization and subsequent sell-off. Hayes plans to reduce his firm's crypto holdings in anticipation of the market downturn.

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    • The Block

      Arthur Hayes foresees major crypto sell-off at Trump's inauguration

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