Former BitMEX CEO Arthur Hayes has warned of potential turbulence in the cryptocurrency market, forecasting a harrowing dump around Donald Trump's inauguration on January 20, 2025. In his blog post, "Trump Truth," Hayes argues that while Trump's policies may favor asset inflation and a weaker U.S. dollar over time, immediate impacts are unlikely. Hayes remains optimistic about Bitcoin's long-term prospects, highlighting the potential benefits of a weaker dollar and increased fiat currency supply. Hayes’ firm, Maelstrom, plans to reduce exposure before the inauguration and re-enter the market during the anticipated dip in the first half of 2025.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Former BitMEX CEO Arthur Hayes has issued a warning of potential turbulence in the cryptocurrency
00:07market, forecasting a harrowing dump around Donald Trump's inauguration on January 20, 2025.
00:14In his blog post, Trump Truth, Hayes argues that while Trump's policies may favor asset
00:20inflation and a weaker U.S. dollar over time, immediate impacts are unlikely. Hayes remains
00:25optimistic about Bitcoin's long-term prospects, highlighting the potential benefits of a weaker
00:29dollar and increased fiat currency supply. Hayes' firm Maelstrom plans to reduce exposure
00:35before the inauguration and re-enter the market during the anticipated dip in the first half of
00:402025. For all things money, visit Benzinga.com slash GSTV.