Arthur Hayes: The market is expected to crash around January 20, and Maelstrom will reduce positions in advance

2024-12-18 12:00:41

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ChainCatcher news, BitMEX co-founder Arthur Hayes posted an article titled "Trump Truth," in which he stated that although he does not believe the U.S. government will buy Bitcoin, this does not affect his optimistic view on its price prospects. Ultimately, the devaluation of gold will create dollars, and these dollars must find a place in physical goods/services and financial assets. From experience, it is known that due to the limited supply of Bitcoin and the decreasing amount of coins in circulation, the fiat price of Bitcoin rises faster than the growth rate of the global dollar supply.

At the end of his article, he mentioned that before entering the collapse phase of a bull market, the cryptocurrency market will experience a painful crash around January 20, 2025, during Trump's inauguration. Maelstrom (Arthur Hayes's fund) will reduce certain positions in advance and hopes to buy back at a lower price sometime in the first half of 2025.

Arthur Hayes added, "If the market forcefully breaks out around January 20, we will also acknowledge our misjudgment and will get back in after licking our wounds."

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