Arthur Hayes, co-founder of BitMEX, warns of a bearish outlook for the cryptocurrency market during Donald Trump's inauguration in January 2025.
Hayes believes the gap between high expectations and the reality of no quick solutions will lead to a brutal sell-off in the crypto market.
Despite Trump's promise of a strategic national Bitcoin reserve, Hayes doubts it will materialize, as politicians prefer to spend dollars on public goods.
Hayes predicts a catastrophic drop in crypto prices before a potential bull market phase, but acknowledges the risk of missing out on continued rally.