Arthur Hayes: "Coins Will Crash After Trump's Inauguration on January 20th"

"Trump's BTC Roadmap, Difficult to Realize in Reality"
Anticipated Market Crash Due to Changes in Trump's Moves
"Will Unwind Positions Through Investment Funds in the First Half of 2025"

Arthur Hayes, CEO of BitMEX, predicted in a blog post on the 18th that the bullish market for cryptocurrencies, including BTC, will end with the inauguration of Trump, the President-elect, as the 47th President of the United States on January 20th next year.

Hayes posted a lengthy article titled 'The Truth About Trump' on the paid professional news posting platform Substack, emphasizing that Trump's President-elect's roadmap to revive the US economy through BTC is just a plan.

Hayes argued that the US government's economic revival through BTC adoption is not a short-term issue as claimed by Trump's President-elect, but a more complex and political agenda.

He explained that "Trump's President-elect will realize that he only has a maximum of 1 year to implement the policies he has claimed before and after the inauguration, which will lead to a sudden change in Trump's moves and a sharp market crash."

In particular, Hayes pointed out that "the market believes that Trump and the new administration can achieve economic and political miracles in the short term through BTC and cryptocurrencies, but in fact, there is no political solution to solve all problems by accepting cryptocurrencies."

Hayes warned that the bloodshed that will appear in the market will be severe, given the high expectations.

He emphasized that "Trump's change of behavior will create a vicious selling pressure in the market, and cryptocurrencies will experience a crash, especially in the latter half of 2025." He also said, "My investment fund Maelstrom will unwind some positions earlier in the first half of 2025."

Reporter Seung-won Kwon ksw@blockstreet.co.kr