BitMEX founder Arthur Hayes predicts that there could be a sharp decline in the crypto market before the bull market peaks in 2025, especially around Donald Trump’s presidential inauguration on January 20, 2025.
Hayes stated that he plans to reduce some of his crypto positions during this period, but he stated that he aims to buy again if the market recovers quickly.
A correction may come in the cryptocurrency market
Hayes touched on the difficulty of timing the market correctly, saying many investors fail to buy back their positions at a low price due to poor timing. He noted that this mistake can leave investors underinvested during a bull market.
“If the market continues to rise rapidly after January 20, we will accept our defeat and increase our positions again,” said Hayes, emphasizing that he will continue his strategy of buying cryptocurrencies in the long term.
Hayes said Trump’s policies have exposed the structural deficiencies of the global financial order, which he argued will further increase the potential of Bitcoin and other cryptocurrencies.
US Not Expected to Create Bitcoin Reserves
Arthur Hayes stated that he does not believe the US government will create a strategic Bitcoin reserve, but he still expects a positive price for Bitcoin.
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