The cryptocurrency market is experiencing a strong upward trend thanks to Donald Trump's election victory, but it may not last long. Arthur Hayes, co-founder of BitMEX, predicts the market could face a sharp decline on January 20, when Trump is inaugurated as the 47th President of the United States.
- During the campaign, Trump promised many pro-cryptocurrency policies such as replacing the SEC chairman, eliminating Bitcoin taxes, and making the U.S. a global cryptocurrency hub. However, Hayes believes these changes will take time to implement.
- Nevertheless, Hayes remains optimistic about the long-term future of the market and is committed to buying in when prices drop. 🌟