Arthur Hayes: “Cryptocurrency Market Crash Expected Around Trump’s Inauguration Day”

Cryptocurrency influencer Arthur Hayes forecasts that the cryptocurrency market may be exposed to high volatility at the end of this year and the beginning of next year. He is the co-founder of the cryptocurrency exchange BitMEX and the Chief Investment Officer (CIO) of the investment firm Maelstrom. Arthur Hayes recently posted an article on his blog titled 'Trump Truth'. In the article, he said that "the increase in the supply of fiat currencies around the world has accelerated after the victory of Trump in the presidential election," and that "major economic Blocks, major countries, will have to respond by devaluing the value of their currencies." The president-elect Trump has repeatedly emphasized high tariffs and a strong America, and in this new world order, other countries are likely to respond by devaluing the value of their domestic currencies in order to survive. Hayes explained that in this situation, President-elect Trump could use the realization of the price of gold on the US government's balance sheet as a way to secure fiscal resources and shock the market. He recommended holding Bitcoin and cryptocurrencies due to these geopolitical changes. However, he forecasts that the cryptocurrency market may experience a severe crash around the time of Trump's inauguration, as investors will realize that Trump does not have much time to revive the cryptocurrency market as they currently think. Hayes said that "Trump's time to work freely is about a year in 2025," and that "the market does not realize how short the time Trump can actually secure is." He also said that there is a high possibility that the value of the dollar and gold will be significantly devalued within the first 100 days of his inauguration. Furthermore, he added that if the cryptocurrency bull market continues until January 20, the date of Trump's inauguration, contrary to expectations, he will acknowledge the failure of the forecast and re-purchase the cryptocurrencies he had disposed of.