Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, said at the end of his latest article that the cryptocurrency market will experience a painful crash around Trump's inauguration on January 20, 2025, before entering the crash phase of the bull market. Maelstrom (Arthur Hayes' fund) will reduce certain positions in advance and hope to pick them up again at a lower price sometime in the first half of 2025. Arthur Hayes added: "If the market breaks out around January 20, we will also admit that our prediction was wrong and will get back on the bus after licking our wounds."