Will Trump Shake the Crypto Market? Arthur Hayes’ Analysis

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In Trump Truth, Arthur Hayes, co-founder of BitMEX, analyzes the economic and market implications of Donald Trump regaining the U.S. presidency. Hayes draws fascinating connections between fitness challenges and Trump’s disruptive truth-telling in global politics.

Arthur Hayes’ Trump Truth: Key Takeaways


Trump as an “Economic Disruptor”

Hayes likens Donald Trump to a training plank—a tool that exposes underlying flaws in body alignment. Similarly, he argues, Trump highlights the weaknesses in the current geopolitical and economic systems, acting as a catalyst for change.

Redefining Global Economics

Hayes predicts that Trump’s 2025 presidency will bring about a significant shift in the global monetary order, moving away from China-dependent frameworks like the “petroyuan.” He foresees a weakened dollar and a pivot in U.S. economic policy toward domestic production.

Financial Repercussions

Arthur Hayes foresees market turbulence, with Bitcoin and other cryptocurrencies standing to gain, albeit after facing potential shocks during the first half of 2025. He points to dollar devaluation via an increased official gold price as a key mechanism for boosting U.S. industrial output.
Cover of Trump Truth by Arthur Hayes Source: cryptohayes.substack.com

Cover of Trump Truth by Arthur Hayes Source: cryptohayes.substack.com

The Global Ripple Effect

China, Japan, and the European Union, as dominant economic blocs, will face pressure to adapt to Trump’s policies. According to Hayes, China will likely increase yuan printing, Japan may be compelled to strengthen the yen, and the EU will tighten its financial policies, including printing additional currency and imposing restrictions on citizens.

The Cryptocurrency Perspective

Hayes forecasts a rise in Bitcoin’s price, driven by a weaker dollar and sweeping global economic changes. He cautions, however, that the crypto market may face temporary setbacks during Trump’s inauguration period.

Main Takeaways:


Arthur Hayes believes the world is poised to enter a new chapter in global finance, with a reshuffling of U.S. economic priorities at the forefront. He encourages investors to anticipate volatility while recognizing the potential of cryptocurrencies as a hedge against uncertainty.

The question remains: will Trump Truth signal the collapse of the existing order or lead to its reinvention?