A $ 71 billion hedge funds warned that Trump’s support for Crypto is fueling frenzy that may eventually end in the market turmoil.
Crypto is booming, but not everyone is happy. The $ 70 billion hedge funds say President Donald Trump’s support for cryptocurrency may end in the disaster. Elliot Management has warned that Crypto is at the center of a speculative frenzy, saying that prices have increased with “no substances” and the politicians supporting Crypto are playing a dangerous game.
A financial time Report On January 30, Hedge Fund warned in an investor letter that Trump’s actions threatened the Crypto market as a “unavoidable collapse” of the bubble “. Are.”
Fund AI Boom and Sky-Highly Stocks see similarities with prices, calling investors “crowds of sports bookies”. But Crypto, it says, is “ground zero” for frenzy, thanks to its “proximity to the White House”.
Hedge Fund, which managed $ 69.7 billion in assets under management in 2024, stated in the letter that any officer pushing options for greenback is taking “deeply dangerous” steps.
Business relations for Trump’s crypto are increasing. He and his sons supported a platform called World Liberty Financial, a decentralized finance fund, which already examines the possible within trading. In January, President Donald Trump and Melania Trump launched Meme coins official Trump (Trump) and Melania (Melania) to fuel the craze of Crypto. It is planned to invest up to $ 250 million in Crypto.
The founder of Elliot, Paul Singer, is a long -time Republican donor. He gave $ 56 million in 2024, but has been important for Trump’s policies. Nevertheless, he donated $ 5 million to Trump PAC in the last election. Hedge Fund says that he has never seen such a market. “
