Former BitMEX CEO Arthur Hayes predicts that a major crash in the cryptocurrency market could occur during Donald Trump's possible second term inauguration on January 20, 2025.
Key points of Hayes's forecast:
1. Excessive expectations: According to Hayes, investors are expecting quick and market-friendly policies from the Trump administration, which in reality may be time-consuming.
2. Political reality: Hayes is skeptical that the Trump administration will be able to quickly enact effective policies. He notes that the Republicans' narrow majority in Congress and the upcoming midterm elections could slow the policymaking process.
3. Market reaction: This discrepancy between expectations and reality could lead to frustration among investors, which could increase selling pressure on cryptocurrencies and cause a market collapse.
Current market situation:
Currently, the cryptocurrency market is experiencing significant volatility. Below is a list of current prices for some of the major cryptocurrencies:
Advice for investors:
Exercise caution: Make investment decisions keeping in mind the potential volatility of the market.
Analyze the market: Stay updated on political changes and market movements.
Diversify investments: Diversify your investment portfolio to minimize potential losses.
Note: Market forecasts may not always be accurate. It is important to do your own research and seek professional advice before investing.