Arthur Hayes is a former BitMEX chief executive and entrepreneur who fears Bitcoin’s demise. "vicious sell-off" Donald Trump will be inaugurated in the near future.
A trader wrote a long blog (after 300 words of introduction on yoga) to warn crypto-investors that they have unrealistic expectations about what the president will achieve.
Trump promised that America would be made better by his presidency "the crypto capital of the world" Hayes said that his administration would only have 12 month to implement ambitious policies and create a Bitcoin strategic reserve.
"There are no politically acceptable solutions available to Trump to quickly bring about such change," Substack is the name of his blog.
Hayes anticipates that much of the president-elect's next term will be subsumed by the 2026 midterm elections—with the Republicans losing governing power at the hands of an impatient electorate, he said.
"It is almost impossible for Trump to appease his base sufficiently to prevent the Democrats from retaking both legislative bodies in 2026. The people are impatient because they are desperate," He is a writer.
“When this reality sets in on the markets,” he said. "harrowing dump" Bitcoin and the other “cryptocurrencies” are about to face a new reality "Trump trades."
"Investors are setting themselves up for severe buyer’s remorse," Hayes is a writer.
Hayes is especially skeptical about Trump's vow to transform 200,000 BTC seized from criminals into a taxpayer-owned stockpile, and goes on to predict that such a reserve won't end up being established.
"However, it doesn’t matter if a US BSR happens because just the threat of it creates buying pressure," He is a writer.
Hayes also predicts in another part of his essay that "another pillar to the crypto bull market" Investors from mainland China could be allowed access to Bitcoin ETFs through Hong Kong.
The EU leaders, he says, will not be the ones to blame for this. "secretly buy crypto hand over fist" Everyday consumers "suffer under state-sanctioned inflation," adding: "That's just the way the croissant flakes."
While Hayes believes Bitcoin's best days do lie ahead, he warns the path to $1 million will be scarred by nasty corrections along the way. "Trump Truth tells me the best way to maximize returns is to own Bitcoin and crypto,” he writes. “And therefore, I will be buying dips and rips. Yahtzee!!!"
The 39-year-old is renowned for his bold opinions and predictions, but isn't afraid to mark his own homework.
Back in September, Hayes admitted that he'd only had a 25% success rate in his market predictions over a 12-month period—describing that score as "pretty shit to the common man." Nonetheless, Hayes asserted that he's remained profitable by leveraging longer-term macroeconomic trends.
Stacy Elliott edited this article.