Arthur Hayes, a well-known figure in the crypto world, predicts a significant cryptocurrency market crash around Donald Trump’s inauguration in January 2025. He believes the crash will be severe.
Trump’s Policies and Market Impact
Hayes argues that President-elect Trump’s limited time in office will force him to implement bold economic policies quickly. He anticipates a major devaluation of the US dollar against gold as a key early move. This, Hayes says, would aim to boost American manufacturing competitiveness by lowering production costs. The result, he believes, would be a rapid increase in domestic job creation.
The Crypto Market’s Reaction
Hayes believes this economic upheaval will precede a sharp downturn in the crypto market. He calls this impending crash a “harrowing dump” around the inauguration date. His family office fund, Maelstrom, plans to adjust its crypto holdings in anticipation of this drop, aiming to buy back assets at lower prices later in the first half of 2025.
Disclaimer: This is just one expert’s opinion. Investing in cryptocurrencies is inherently risky. Always do your own research before making any investment decisions.
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