‘Crypto Is Ground Zero’: Hedge Fund Warns Investors Trump Is Inflating a Catastrophic Bubble
Hedge fund Elliott Management recently sent a letter to investors warning them away from crypto. It urged clients to remember that crypto is a speculative market, suggested that the White House has caused a massive bubble to form, and predicted that a huge crash is coming.
Hedge fund Elliott warns White House is inflating crypto bubble that ‘could wreak havoc’
Elliott’s criticism of the White House’s stance on crypto comes despite the fact that the firm’s founder, Paul Singer, is a longtime Republican donor who donated $56mn to conservative candidates in the 2024 election cycle, according to website OpenSecrets.
Donald Trump, meme coin and cryptocurrency
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