Cryptocurrency markets are buzzing with predictions about the impact of President-elect Donald Trump's inauguration in January 2025. While many expect positive trends, BitMEX co-founder Arthur Hayes offers a cautious outlook. In his "Trump Truth" blog, Hayes warns that anticipated crypto policy changes may not materialize quickly, leading to a potential market sell-off. His investment fund, Maelstrom, plans to sell some positions early, aiming to buy back at lower prices later in 2025. Despite a recent Bitcoin rally, Hayes remains skeptical about immediate national Bitcoin reserves and foresees a "harrowing dump" before a recovery.