Crypto veteran Arthur Hayes thinks the digital asset market will suffer a “harrowing” crash next month.
The co-founder of BitMEX says in a new analysis that long-term economic problems will make it “nearly impossible” for US President-elect Donald Trump to retain control of both legislative chambers in 2026, meaning he won’t have much time to implement his policies to achieve. goals.
“People are impatient because they are desperate. Trump is an astute politician and knows his supporters. To me, this means he has to go big early, which is why my money is on a massive devaluation of the dollar versus gold in the first hundred days of his term. It’s an easy way to quickly make production costs in America globally competitive. It will lead to an immediate re-shoring of production capacity, which will lead to an increase in hiring today and not in five years.
Before we get to the boom phase of this crypto bull market, I think the crypto markets will see a harrowing dump around Trump’s January 20th.e Inauguration Day 2025. Maelstrom will ease predetermined positions, hoping to repurchase some core positions at lower prices sometime in the first half of 2025.”
Maelstrom is Hayes’ family office fund.
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