MASSIVE CRASH INCOMING?

Arthur Hayes, co-founder and former CEO of BitMEX, warns that the current bullish crypto market spurred by Donald Trump's presidential election victory might face a significant downturn by January 20th, Trump’s inauguration day. Hayes attributes this potential "harrowing dump" to investors' over-optimistic expectations about the president’s ability to swiftly implement pro-crypto policies, such as appointing a pro-crypto SEC chairman, eliminating Bitcoin taxes, and making the U.S. a crypto hub.He explains that substantial policy changes may only occur after 2025 due to legislative cycles, which could lead to market disappointment and a sharp sell-off in crypto assets. Despite this projection, Hayes remains optimistic about the long-term potential of cryptocurrencies, stating his commitment to buying market dips and rallies post-inauguration.