Arthur Hayes warns of potential crypto dip ahead, tied to Donald Trump
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As the crypto market continues its rally, BitMEX co-founder Arthur Hayes has made an intriguing prediction. Arthur asserts that Trump’s return to office could potentially trigger a decline just as his previous actions spurred a rise in the crypto market. Arthur Hayes said, “The market will instantly wake up to the reality that Trump has at best one year to enact any policy changes on or around January 20th.” He added, “This realization will lead to a vicious sell-off in crypto and other Trump 2.0 equity trades.” Trump has one year to act because most US elected legislators start campaigning at the end of 2025 for the November 2026 mid-term US elections. Some of y’all don’t believe Trump is about to trash the $ and print money. $BTC disagrees. Here is #Bitcoin leading vs. my new money supply indicator US Bank Credit. The market is speaking, listen up. More explanation in my essay “Black or White” that drops tom. pic.twitter.com/wsSVUK0RH2 — Arthur Hayes (@CryptoHayes) November 10, 2024 Trump’s victory has heightened expectations for a significant shift in crypto legislation. This is because the former president promised to do “something great with crypto,” including establishing a national strategic reserve of Bitcoin. However, Arthur Hayes provides reasons why Trump’s pledges may not be realistic. Limited time for Trump to focus on an AOB-like crypto According to the Maelstrom CIO, Trump has one year to show progress on some of his goals to help Republicans keep the House and Senate. Arthur stated that the majority of elected legislators, including the entire House of Representatives, commence their campaigning for the midterm elections in November 2026 at the end of 2025. Therefore, he granted Trump one year to implement policy changes. Hayes stated, “Fixing the underlying domestic and international issues that negatively affect them would…
Filed under: News - @ December 18, 2024 2:29 pm