Pessimistic forecasts. For the moment, the strong upward surge in the price of Bitcoin (BTC) does not seem to be weakening since the election of Donald Trump for the presidency of the United States. Just yesterday, the king of cryptos exceeded his ATH (all-time highs) in reaching and exceeding $108,000 per BTC. But for the former boss of BitMEX, Arthur Hayesthis euphoria could experience a interruption after theInauguration Day (the day Donald Trump officially becomes the 47e President of the United States).
- The spectacular rise of Bitcoin, following the election of Donald Trump, recently pushed the cryptocurrency past $108,000.
- Arthur Hayes Predicts Temporary Bitcoin Correction AfterInauguration Daybefore the peak euphoria phase of this bull market cycle.
A small correction to be expected on Bitcoin, before the enormous euphoric phase of bull run ?
And Arthur Hayes is very confident for the crypto-asset sector in the medium and long term, he first sees a first backlash to the enthusiasm surrounding the victory of Donald Trump in the last presidential elections.
The former CEO of BitMEX, who is now the chief investment officer (CIO) of family office Maelstromexplains in fact that the steep climb in a straight line Bitcoin should know a pause and one correction in the early days following January 20, 2025 and theInauguration Day. Because politics pro-crypto of Donald Trump may take time to take effect and bear fruit.
“Before arriving at the bullish explosion phase of this cycle of bull run of the crypto market, I believe that we will experience a trying decline around January 20, 2025, the day of Trump’s inauguration. [Notre fonds] Maelstrom will lighten some positions in advance, hoping to repurchase some positions at lower prices during the first half of 2025.”
Arthur Hayes
Sell your cryptos high, to better buy them back low (if they fall!)
As Arthur Hayes suggests, if he counts sell part (“lighten”) crypto-assets from the Maelstrom fund before theInauguration Dayit is for buy them back at sale pricesthanks to the correction temporaryet healthyafter the near-vertical rise of Bitcoin (and many altcoins) that we had since November 6 2024, the day of Donald Trump’s landslide victory in the US presidential election.
The game is however dangerousas Arthur Hayes points out. Because unlike a strategy of HODLwho would be content to simply preserve its bitcoins and cryptos, this strategy of sale-purchase tradingcould go wrong, and leave the speculator bald if the market persists in remaining bullish, without pause.
“Obviously, all traders hope to be able to anticipate the markets. And more often than not, they end up sell too early and then lack conviction to buy back at higher prices than if they had simply HODLed. This trader is then underinvested for the rest of the bull market. [Mais si nous nous trompons] we will still return to the bull market. (…) Because Trump’s words of truth tell me that the best way to maximize returns is to own bitcoins and cryptos. Therefore, I will buy them at every dip and drop in price. »
Arthur Hayes
Because Arthur Hayes is absolutely convinced that, to get past this backlash of the first days of this new presidential term (where things must first fall into place), the policy that Donald Trump will pursue will be very favorable to Bitcoin (and to gold). He also anticipates that, thanks to this policy in the USA, and the global impact it will cause, a single bitcoin will end up being worth $1 million!
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