The cryptocurrency world is buzzing with the market predictions of BitMEX co-founder Arthur Hayes. Hayes has indicated a significant decline in the market could occur within the next month. His comments come during a time when speculation around crypto-friendly policies in the U.S. and proposals for Bitcoin 
$104,715 as a strategic reserve are on the rise.
Hayes: “Short-Term Corrections Are Inevitable”
In his latest blog post, Hayes assessed the current trajectory of the crypto market. He noted that Bitcoin and leading altcoins have experienced substantial rallies in recent weeks. However, Hayes stated this rally may not be sustainable and the market could see a downturn by January.
Hayes also commented that optimism in the market could increase further if Trump is re-elected. He mentioned that Trump’s promise to support the crypto sector and the notion of Bitcoin as a strategic reserve have fueled this optimism. However, he added, “While I don’t believe the U.S. will buy Bitcoin, I cannot ignore its positive impact on the market.”
Market Decline May Continue
The recent fluctuations in the crypto market have left investors uneasy. Bitcoin has decreased by 2.5% in the last 24 hours, dropping to $104,140. Similarly, Ethereum 
$3,867 has declined by 4%, falling to $3,851.
Hayes remarked on the current state of the market: “Investors should anticipate uncertainty until the inauguration in January. However, recovery could be swift after this period.”
During this process, some market players chose to realize profits from the recent rally. This choice has put additional pressure on overall market performance. Additionally, investors are awaiting clues regarding interest rate decisions and economic data ahead of the upcoming meeting of the U.S. Federal Reserve.
Experts assert that the recent volatility in the crypto market will not harm long-term trends. There is a belief that confidence in the market’s long-term potential will remain unaffected by short-term corrections.
Hayes’ warnings provide an opportunity for market participants to reassess their strategies. Investors are advised to closely monitor market trends. Careful planning during this period can mitigate risks in a volatile market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
