• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Regulations

$70,000,000,000 Hedge Fund Says Trump Driving ‘Speculative Mania’ for Crypto Assets – Here’s Its Warning: Report

n70products by n70products
February 2, 2025
in Regulations
0
$70,000,000,000 Hedge Fund Says Trump Driving ‘Speculative Mania’ for Crypto Assets – Here’s Its Warning: Report
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Hedge fund large Elliott Administration is reportedly involved about President Trump’s embrace of digital property and thinks that it may “wreak havoc” on monetary markets.

Based on an investor letter seen by the Monetary Instances, the $70 billion hedge fund says crypto property have “no substance” and is essential of politicians who’re supportive of the trade.

Elliott Administration has “by no means seen a market like this” and is likening crypto buyers to “a crowd of sports activities bettors.”

“[The] inevitable collapse [of crypto] may wreak havoc in methods we can not but anticipate.”

Elliott additionally views crypto as probably “marginalizing the greenback” which is “profoundly harmful.”

Paul Singer, the founder, president and co-CEO of the agency, was initially a critic of Trump, earlier than finally giving in and becoming a donor to the two-time president as early as 2017. Studies additionally surfaced in 2024 of Singer and fellow hedge fund large Ken Griffin discussing donating to Trump’s presidential marketing campaign.

Citing knowledge from OpenSecrets, the Monetary Instances says the Republican supporter donated about $56 million to conservative candidates in the course of the 2024 election cycle.

Regardless of a historical past of help for Trump and Republicans, Singer’s agency reportedly questions why the federal government has inspired alternate options to the US greenback at a time when different nations – just like the BRICS alliance – have been making an attempt to reduce their dependence on it.

Shortly after being elected president, Trump signed an government order titled “Strengthening American Management in Digital Monetary Know-how,” which states the administration helps the “accountable progress” and use of digital property and blockchain know-how.

The order revokes President Biden’s earlier digital asset directives and creates a brand new working group that may coordinate and suggest a unified regulatory method to digital property inside 180 days.

Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox

Examine Price Action

Observe us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Each day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses it’s possible you’ll incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in internet affiliate marketing.

Featured Picture: Shutterstock/Natalia Siiatovskaia/NextMarsMedia





Source link

Tags: AssetsCryptoDrivingFundhedgeHeresmaniaReportSpeculativeTrumpWarning
Previous Post

XRP At Critical Juncture As Price Restests 21 EMA

Next Post

Bitcoin Price In Trouble? Bearish Divergence That Led To Market Crash Last Cycle Has Returned

Next Post
Bitcoin Price In Trouble? Bearish Divergence That Led To Market Crash Last Cycle Has Returned

Bitcoin Price In Trouble? Bearish Divergence That Led To Market Crash Last Cycle Has Returned

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Ethereum regains its groove? All about ETH’s 7% uptick in 24 hours

April 16, 2024
Ethereum Price Cools Off—Can Bulls Stay in Control or Is Momentum Fading?

Ethereum Price Cools Off—Can Bulls Stay in Control or Is Momentum Fading?

April 11, 2025

The $1 trillion question: Is Bitcoin crashing into ‘uncharted territory’?

March 23, 2024

Recents

US Authorities Charge Six Individuals in Connection to Alleged $66,000,000 Food Stamp Fraud Scheme

US Authorities Charge Six Individuals in Connection to Alleged $66,000,000 Food Stamp Fraud Scheme

June 1, 2025
XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

June 1, 2025
Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

May 31, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version