Heavyweight hedge fund Elliott reportedly 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.
Top hedge fund Elliott Management fears Trump is inflating a crypto bubble that faces 'inevitable' collapse, report says
Elliott 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.
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.
‘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 Sounds Alarm Over Dollar Marginalization, Predicts Crypto Market Downfall
Elliott Management warns that the Trump administration’s backing of cryptocurrencies is driving a speculative bubble. The hedge fund argues that cryptocurrencies, with “no substance,” could
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