#MarketDownturn
‘Harrowing’ Crypto Price Crash Coming When Donald Trump Gets Inaugurated
Crypto veteran Arthur Hayes thinks the digital asset market will endure a “harrowing” crash next month.
The BitMEX co-founder says in a new analysis that longstanding economic issues will make it “almost impossible” for US President-elect Donald Trump to retain control of both legislative chambers in 2026, meaning he doesn’t have much time to accomplish his policy goals.
“The people are impatient because they are desperate. Trump is an astute politician and knows his base. To me, that means he must go big early, which is why my money is on a massive dollar vs. gold devaluation early into his first 100 days in office. It is an easy way to make production costs globally competitive in America quickly. It will lead to an immediate re-shoring of productive capacity, leading to an increase in hiring today and not five years from now.
Before we get to the crack-up-boom phase in this crypto bull market, I believe the crypto markets will experience a harrowing dump around Trump’s January 20th 2025 inauguration day. Maelstrom will be lightening up on certain positions in advance, hoping to rebuy some core positions at lower prices sometime in 1H25.”
Maelstrom is Hayes’ family office fund.
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