BitMEX co-founder Arthur Hayes has predicted a sharp decline in the crypto market around the inauguration of US President-elect Donald Trump. Hayes believes that this potential downturn is due to a mismatch between crypto investors’ high expectations and the political realities Trump will face after taking office on January 20.
Many in the crypto industry are overly optimistic about the immediate impact of Trump’s administration on the market, but Hayes argues that Trump’s ability to implement sweeping policy changes will be limited. He explains that while investors expect rapid transformations, the political landscape offers no quick fixes.
Hayes believes that this realization could trigger significant sell-offs across the crypto sector and equities tied to Trump’s second term.
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