‘Inevitable collapse’: Trump’s crypto push sparks concern at Paul Singer’s Elliott Management

Elliott Management has sounded the alarm about an impending collapse in the crypto market, calling it speculative “ground zero.” Paul Singer argues that cryptocurrencies lack intrinsic value, describing them as “nothing with a marketing pitch.”

Amidst this, President Trump signed an executive order aimed at exploring a digital asset reserve and launched Truth.fi, a fintech that will invest up to 250 million USD in crypto-related securities, raising concerns over the potential impact on traditional markets.