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.

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.

President Trump is inflating a crypto bubble that could cause havoc when it busts, according to hedge fund Elliott in an investor letter, The Financial Times reported. Trump’s extraordinary embrace of cryptocurrencies could fuel a speculative mania that would cause havoc when crypto prices collapse,

Elliott Management warns that Trump’s pro-crypto policies are fueling a speculative bubble that could lead to market havoc.

Elliot Management, a well-known hedge fund led by Paul Singer, has recently raised a red flag on President Donald Trump’s support of cryptocurrencies according to BSCN. According to the firm, his pro-crypto stance could lead to significant damages in the economy when the crypto bubble collapses.