Arthur Hayes, co-founder of Bitmex, warns that the recent crypto market growth may
face a “sell-the-news” event around Trump’s inauguration.
He predicts Trump will devalue the U.S. dollar against gold to attract companies back onshore,
potentially boosting bitcoin in the long run. However, Hayes is skeptical about a strategic bitcoin
reserve being approved, as politicians may prioritize spending new dollars on immediate benefits
to secure election wins. This could lead to “buyers’ remorse” and a sell-off in crypto. Hayes plans to
reduce exposure, aiming to buy back at lower prices in 2025.
Source: X
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