Leak Reveals Trump Feared To Be Fueling A ‘Dangerous’ Bitcoin And Crypto Price Bubble
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.”
