Arthur Hayes, former CEO of BitMEX and now Chief Investment Officer at Maelstrom, has adjusted his outlook on the cryptocurrency market, predicting a peak in March 2025. Hayes had initially speculated that the market would experience a significant downturn, or a “Trump dump,” once Donald Trump’s administration took office. He anticipated that investors would soon realize that the new president’s pro-crypto promises, including plans to establish a Bitcoin reserve and create a crypto-friendly environment, could be difficult to implement in the short term.