Activist investor Elliott Management says crypto is facing an ’inevitable collapse’ after its ‘perceived proximity to the White House’ inflated a bubble
Famous activist Eltiott Management Elliott Management sent investors to investors, which warns by President Donald Trump, which stimulates President Donald Trump.
The letter that was the first It is reported Financial Times:He warned investors that “Crypto Bubble” could be spoiled in ways that we cannot predict yet. ” Eliot also warned that the Hugging of the White House would weaken the role of the US dollar in the world economy, decreasing its role as a priority reserves in the world.
The size of Crypto Bubble and therefore the risks presented to investors and the economy have sharply increased, as “the perceived neighborhood of the White House,” said Elliott.
Elliott refused to comment. The White House did not immediately respond to the comment request.
During the campaign, Trump regularly announced his support for the desire to see the United States to see the United States, becoming a dominant country in the industry. The President also involved in several cryptographic enterprises, including the financial and its own memory of the world’s freedom of the world. In addition, his media outlets announced this week at the beginning of this week to develop a Fintech service, which will allow you to trade digital assets, among other things.
After winning the Trump’s election in November, cryptographic prices have risen to industry, as well as shares related to US markets. Just a few days after accepting the office Trump signed Executive order It started the process of creating the process National Reserve: Digital assets.
Elliot said that “he has never seen such a market,” the more investors make money in the market based on purely speculative. Eliot also warned against the increase in the prices of speculative assets, which believed that “no substance.” This category of assets, which includes memoirs, does not have the underlying value, and instead only burned by investors that they will be able to find a higher price for him.
For these speculative assets, “crypto is zero”, in the letter, Eliott wrote.
According to Elliott, this was the smell of investors to cryptic. But many of them just hoped that the market would continue to climb. They “operate like sports.” The letter said.
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