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Fortune

Paolo Confino

Activist investor Elliott Management says crypto is facing an ‘inevitable collapse’ after its ‘perceived proximity to the White House’ inflated a bubble

White House Elliott Elliott Management Crypto Donald Trump United States

President Donald Trump (Credit: Joe Raedle—Getty Images)

An investor letter from Elliott Management outlined its concerns that the White House’s support of crypto helped fuel a bubble and that it could weaken the U.S. dollar’s role as a global reserve currency.

Famed activist investor Elliott Management sent investors a letter warning of a possible crypto bubble fueled in part by President Donald Trump’s having promoted the technology.

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