US EditionLeak Reveals Trump Feared To Be Fueling A ‘Dangerous’ Bitcoin And Crypto Price Bubble
- Elliott Management warned investors against crypto, stating it is a speculative market and predicting a huge crash is imminent.
- The letter criticized the White House for inflating a crypto bubble, which Elliott believes could lead to significant market instability.
- Since Donald Trump's inauguration, crypto prices have surged, with Elliott stating that the current market is unlike any other seen before.
- Elliott's founder, Paul Singer, has long criticized crypto, calling it 'one of the most brilliant scams in history' and anticipating its collapse.
32 Articles
32 Articles
Heavyweight hedge fund Elliott says Trump administration driving a crypto frenzy
One of the most powerful hedge funds on Wall Street has reportedly criticized the Trump administration for helping drive a frenzy around cryptocurrencies that could ultimately harm investors.
Activist investor Elliott Management says crypto is facing an ‘inevitable collapse’ after its ‘perceived proximity to the White House’ inflated a bubble
The legendary activist firm warned that crypto is leading a market frenzy that has investors “acting like a crowd of sports bettors” by flocking to entirely speculative assets.
Top hedge fund Elliott Management fears Trump is inflating a crypto bubble that faces 'inevitable' collapse, report says
Getty Images; Jenny Chang-Rodriguez/BIElliott Management said a crypto collapse could "wreak havoc in ways we cannot yet anticipate."The White House's boosting of crypto is fueling speculation, it said in a letter.The letter questioned why the administration would embrace alternative reserve assets that threaten the dollar's role.Cryptocurrencies are riding a speculative mania bound for a dramatic collapse, and the Trump administration is only h…
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