Bitcoin and crypto prices have rocketed higher since Donald Trump’s U.S. presidential election victory—helped by Tesla billionaire Elon Musk’s leaked plans for crypto in the White House.
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The bitcoin price has surged to over $100,000, more than doubling from 12 months ago and fueling huge bets on when exactly the bitcoin price could top gold’s $18 trillion market capitalization.
Now, as a closely-watched trader warns of a looming “financial crisis,” a leaked Elliott Management letter to investors reveals the hedge fund’s managers fear Trump is stoking an unprecedented bitcoin price bubble that’s headed for “inevitable collapse.”
