Arthur Hayes: Trump's control over the Republican Party will determine the next move of Bitcoin

Arthur Hayes posted on X stating that the current crypto market has entered a phase of adjustment, waiting for further developments. If Trump fails to pass his budget plan to increase spending and raise the debt ceiling, Bitcoin may retest levels prior to his election victory, i.e., in the range of 75,000 to 70,000 US dollars. This situation will test whether Trump's control within the Republican Party is strong enough.