Former BitMEX CEO Arthur Hayes Predicts Crypto Dump Around Trump’s Inauguration

Former BitMEX Chief Executive Officer Arthur Hayes believes the crypto faithful who expect a wave of favorable crypto policies as soon as the Trump administration takes office are in for a rude awakening. In a recently published end-of-year essay , Hayes squashed this belief, stating that a wide gap exists between crypto investors’ high expectations for how quickly Trump can change things and the reality that no politically acceptable solutions are available to Trump to bring about such change quickly. “The market will instantly wake up to the reality that Trump has at best one year to enact any policy changes on or around January 20th. This realization will lead to a vicious sell-off in crypto and other Trump 2.0 equity trades,” Hayes wrote. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io