BitMEX co-founder Arthur Hayes predicts a sharp downturn in the crypto market around Donald Trump's inauguration.
Hayes attributes this potential decline to a mismatch between high expectations of crypto investors and the limited ability of Trump to implement sweeping policy changes.
He believes that the market will realize that Trump has only a year to enact meaningful changes before the focus shifts to the 2026 mid-term elections.
Hayes anticipates significant sell-offs across the crypto sector and equities tied to Trump's second term, affecting Bitcoin's rally.