The $ 70 billion Elliott hedge fund, especially the involvement of Trump and the rise of the Presidential Memocoin, has issued a strict warning about the speculative properties of the cryptocurrency market. Fund managers and industry experts have expressed concerns about the risks of the reputation of Memecoin ETFs, suggesting that one executive belongs to the casino, not the stock market. Paul Singer, the founder of Elliott, who had previously predicted the 2008 financial crisis, has dismissed cryptocurrencies as a marketlessness, despite agreeing to the central bank’s criticism.
Since Donald Trump gave a speech at the Bitcoin Conference in 2024, he has promised to establish a strategic Bitcoin protection of Gary Gary’s “first day”. He was the loved one in the cryptographic industry.
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The Crypto market was in the November election, and the price of BTC was about $ 70,000 ($ 112,000) to $ 109,114 on January 20 ($ 175,000 US).
“I have never seen such a market”
However, according to a hedge fund, it is a “speculative enthusiast” that could cause a bursting bubble. In the financial era, Crypto warned that Crypto had no substances and swiped his involvement in asset classes in asset classes in the financial era.
Elliott wrote in a memo seen by FT, “I have never seen such a market,” and the market is the same speculative frenzy that is similar to sports gambling supported by the AI boom and high stock evaluation. I added that it was filled.
The company emphasized that Crypto has expanded significantly and appears to be approaching the White House policy, but emphasized it is the epicenter of the market speculation. In addition, Elliott warns that the potential bursts of cryptographic bubbles could cause unexpected spread and extensive confusion.
Comments are said to have been brought after Trump released a memorial for his own name and has made great profits from its sales.
There are also fund publishers who want to launch exchange trade products (ETP) or exchanged sales funds (ETFs), featuring the President’s memorial (and other), which attracted a wide range of criticism.
Welcome to Memecoin Market The Casino
The Nate Geraci of the ETF store acknowledged that “most of Memecoins tends to zero” and may have a huge risk of reputation, so it has been added to create a “issue of publishers”. 。
Nate Gerati Morning Star’s Executive Brian Armor compared the memorial ETF with the “casino (rather)” than the stock market.
Paul Singer, the founder of Elliott, one of the most successful hedge funds in the world, warned the 2008 financial crisis and tried to warn the subprime mortgage threat.
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In 2023, he criticized the rise of Crypto and told Wall Street Journal that they were an expression of skepticism of Libertarian’s views and central banking.
Despite the criticism of Central Banking, singers argued that cryptocurrencies do not maintain true value, but are not an alternative alternative to traditional assets.
Pole singer