"Signs of a Market Crash? Arthur Hayes Predicts Cryptocurrency Plunge During Trump's Inauguration"
BitMEX co-founder Arthur Hayes warns that the January 20, 2025 inauguration of Trump could lead to a collapse in the cryptocurrency market. He believes that investors have overly high expectations of Trump quickly pushing market-friendly policies while ignoring the political reality—the political constraints faced by the Trump administration and the slim majority in Congress will limit the rapid implementation of policies.
Hayes also mentioned that capital outflow from China may temporarily support the crypto market, but with rising geopolitical tensions, this window of opportunity may close.
Nevertheless, Hayes remains optimistic about the long-term prospects of cryptocurrency and plans to strategically adjust his positions when the market corrects. To stay updated on more market dynamics, don't forget to follow the professor!
