BitMEX crypto exchange co-founder Arthur Hayes predicts a significant cryptocurrency market crash at the beginning of next year. According to his forecast, this is expected around January 20, 2025, which is the inauguration day of the elected US President Donald Trump. Hayes believes that investors’ expectations regarding the policy of the new administration may not be met, leading to a sharp decline in the value of Bitcoin and altcoins after their recent rapid growth.
“I believe money printing will continue and accelerate after Trump’s 20 January 2025 coronation. That is because I think there exists a wide gap between crypto investor’s high expectations for how quickly Trump can change things and the reality that there are no politically acceptable solutions available to Trump to quickly bring about such change. 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. This realization will lead to a vicious sell-off in crypto and other Trump 2.0 equity trades,” the expert noted.
Despite this pessimism, Hayes remains optimistic about the long-term prospects of the cryptocurrency market. He advises investors to be cautious and consider reducing their positions before Trump’s inauguration to take advantage of potential price drops for further investments.
Interestingly, Hayes does not believe in the US government buying bitcoins.
Trump, Bitcoin, and the New Order: What Changes Are Ahead for Crypto Markets in 2025?
Spelling error report
The following text will be sent to our editors: