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Despite this, Hayes remains bullish for the price of Bitcoin (BTC).
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Hayes explains that Trump has little time to achieve his goals.
Arthur Hayes, former CEO of Bitmex, questions the direction that Donald Trump will take with respect to bitcoin (BTC) once he assumes his second term as president of the United States.
First, Hayes refers to investors’ expectations about how quickly the Republican leader could implement changes. In this regard, he points out that There are no politically viable solutions that allow the president-elect to meet these demands.at least not immediately.
He explains that US congressmen will begin their political campaigns at the end of 2025, and points out that Republicans could lose legislative control in both houses of Congress after November 2026. That is, Trump will need at least a year to implement profound changes, which could generate discouragement in the market and trigger a massive sell-off in cryptocurrencies.
However, he clarifies that remains optimistic about the future of BTC and reveals that his firm Maelstrom will continue buying bitcoin both in price declines and increases.
Furthermore, Hayes mentions the situation with gold and the dollar, suggesting that An adjustment in the price of the precious metal could decrease the value of the North American currencyincreasing its circulation and the Treasury balance. In this way, it would generate pressure for other countries to devalue their currencies, given that the dollar is one of the main reserve assets globally.
Arthur Hayes is the founder of Bitmex – Source: CNBC AFRICA
The founder of Maelstrom details that this possible devaluation could lead to a surge in interest in safe-haven assets like gold and bitcoin. For him, the US government could buy part of those dollars to buy BTC, something that will increase its price. In addition, other countries would have to follow that example, which would generate greater upward momentum in the price of the asset.
“The price of bitcoin would rise exponentially, because who would want to sell bitcoin and receive dollars, a currency that the government is actively devaluing?” says Hayes. He further adds:
“This argument makes sense, but I still don’t think the government will make a massive shift toward bitcoin. I think politicians would prefer to spend the new dollars on things for the population and ensure their victory in the next elections.”
Arthur Hayes, co-founder of the Bitmex exchange.
As CriptoNoticias has explained, BTC is in limited supply at 21 million, of which more than 19 million are in circulation. It is precisely this inherent scarcity that generates institutional interest and small investors, especially in times of economic uncertainty.
The coin created by Satoshi NakamotoFurthermore, it differs from fiat money that is devalued by issuance and the monetary policies promoted by central banks. These are some of the reasons why the narrative of BTC as “digital gold” is strengthened.
Hayes’ perspective coincides in part with that of Cynthia Lummiswho proposed selling US gold reserves to buy BTC. They both consider that Bitcoin can play a key role in the economic restructuring of that country.
The truth is that, as Trump’s inauguration approaches, the debate on the regulation of digital assets in the United States is growing. Expectations are also placed on the output of Gary Genslercurrent head of the United States Securities and Exchange Commission (SEC), who during his mandate had a persecutory stance against the Cryptocurrency industry. Instead, could assume Paul Atkinsa prominent cryptocurrency advocate.
We will have to see what happens with the possibility that the Trump Government incorporates BTC into its reserves. Jerome Powellchairman of the FED, explained in the last speech of 2024: “We are not allowed to own bitcoin. “The Federal Reserve Act sets out what we can have.”
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