Former BitMEX CEO Arthur Hayes has warned of potential turbulence in the cryptocurrency market, forecasting a harrowing dump around Donald Trump's inauguration on January 20, 2025. In his blog post, "Trump Truth," Hayes argues that while Trump's policies may favor asset inflation and a weaker U.S. dollar over time, immediate impacts are unlikely. Hayes remains optimistic about Bitcoin's long-term prospects, highlighting the potential benefits of a weaker dollar and increased fiat currency supply. Hayes’ firm, Maelstrom, plans to reduce exposure before the inauguration and re-enter the market during the anticipated dip in the first half of 2025.