Learn how Trump's actions could impact Bitcoin prices according to a top analyst.
Arthur Hayes, the founder of BitMEX exchange, predicted the short-term fate of Bitcoin (BTC) price depends on US policies, especially Trump’s ability to pass the budget and increase the debt ceiling. In a tweet, he warned that if Trump fails, the Bitcoin price could drop to the range of $70,000 to $75,000. Hayes also cautioned about the possibility of a massive sell-off of the Bitcoin exchange-traded fund (ETF) by BlackRock by hedge funds, stating that with a decrease in Bitcoin price, these funds might sell off the ETF to maintain their profits.
