It is generally expected that Donald Trump will take office in order for the rise in Bitcoin (BTC) and altcoins to start again.
At this point, Arthur Hayes, one of the important names in the cryptocurrency market, stated in his recent blog post that Bitcoin and the cryptocurrency market could reach a new peak in the first quarter of 2025.
Hayes stated that Trump's coming to power and an increase in liquidity are needed for new highs, and although he expects new highs, he also warned investors about an impending correction.
Arthur Hayes predicted that Bitcoin and the crypto market will peak before mid-2025, around March, but then there will be a sharp correction.
Hayes said that with Donald Trump coming to office, liquidity will increase thanks to a business-friendly environment and crypto-friendly policies, which will push BTC and other cryptocurrencies even higher.
Hayes expects new highs but warns of a potential decline from mid-April due to tax dates. He also said that external factors such as China’s credit policies, the Bank of Japan’s interest rate decisions, and a possible US dollar devaluation could negatively impact Bitcoin and the crypto market.
Announced the New Altcoins He Bought!
BitMEX former CEO Arthur Hayes also revealed the altcoins he invested in, apart from Bitcoin and cryptocurrency expectations.
Accordingly, Hayes stated that he is focusing on investing in decentralized science (DeSci) tokens.
Hayes said that Maelstrom, a family office fund, has invested in the DeSci space, targeting altcoins that are trading undervalued.
Accordingly, he stated that they purchased seven altcoins in the DeSci space, including BIO, VITA, ATH, GROW, PSY, CRYO and NEURON.
*This is not investment advice.