The ongoing bullish crypto market trends triggered by Donald Trumpās recent presidential election victory may be shortlived, according to Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX.
In his latest article, Hayes noted that the crypto market may face a significant downtrend around January 20th, the same day Trump will be inaugurated as the 47th United States President. Hereās why he projects such a market turnout.
During his campaign earlier this year, Trump won the hearts of most crypto community members with his digital asset-oriented promises.
These included replacing the Securities and Exchange Commission (SEC) chairman Gary Gensler with a pro-crypto individual, eliminating Bitcoin taxes, making the U.S. the worldās crypto capital, and creating a national BTC stockpile. As of this writing, the Republican president-elect has begun fulfilling some of these vows, such as selecting Paul Atkins as Genslerās replacement.
In his latest article, titled Trump Truth, Hayes stated that the president-elect cannot quickly make policy modifications upon inauguration as crypto investors anticipate. The BitMEX co-founder explained that most U.S. elected legislators commence campaigning by the end of 2025 ahead of the November 2026 mid-term elections. As a result, Hayes projects that Trump could begin any policy change after one year.
As crypto investors realize this toward January 20th, the market could face what Hayes describes as a āharrowing dump.ā
Toward the end of his article, Hayes stressed that there is a possibility that the bull market will continue after Trumpās inauguration.
Whether or not the crypto market continues its bullish trends on the said date, the BitMEX co-founder explained that he is committed to buying the ādips and ripsā of Bitcoin and other crypto assets.
The post Crypto May Face a Major Downtrend Around Trumpās Inauguration: Arthur Hayes appeared first on CryptoPotato.
In his latest article, Hayes noted that the crypto market may face a significant downtrend around January 20th, the same day Trump will be inaugurated as the 47th United States President. Hereās why he projects such a market turnout.
Hayes Expects a āHarrowing Dumpā
During his campaign earlier this year, Trump won the hearts of most crypto community members with his digital asset-oriented promises.
These included replacing the Securities and Exchange Commission (SEC) chairman Gary Gensler with a pro-crypto individual, eliminating Bitcoin taxes, making the U.S. the worldās crypto capital, and creating a national BTC stockpile. As of this writing, the Republican president-elect has begun fulfilling some of these vows, such as selecting Paul Atkins as Genslerās replacement.
In his latest article, titled Trump Truth, Hayes stated that the president-elect cannot quickly make policy modifications upon inauguration as crypto investors anticipate. The BitMEX co-founder explained that most U.S. elected legislators commence campaigning by the end of 2025 ahead of the November 2026 mid-term elections. As a result, Hayes projects that Trump could begin any policy change after one year.
As crypto investors realize this toward January 20th, the market could face what Hayes describes as a āharrowing dump.ā
A Glimmer of Hope
Toward the end of his article, Hayes stressed that there is a possibility that the bull market will continue after Trumpās inauguration.
Whether or not the crypto market continues its bullish trends on the said date, the BitMEX co-founder explained that he is committed to buying the ādips and ripsā of Bitcoin and other crypto assets.
The post Crypto May Face a Major Downtrend Around Trumpās Inauguration: Arthur Hayes appeared first on CryptoPotato.
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