Elliott Management, a well-known hedge fund described by Fortune magazine as "the world's most famous and feared activist investor," has warned that the White House is "inflating a cryptocurrency bubble" that could lead to "severe damage." According to an investor letter recently obtained by the Financial Times, Elliott Management criticized the Trump administration's support for cryptocurrencies, arguing that it is fueling speculative fervor. The fund warned that a sharp drop in cryptocurren...

Elliott Management, a well-known hedge fund described by Fortune magazine as "the world's most famous and feared activist investor," has warned that the White House is "inflating a cryptocurrency bubble" that could lead to "severe damage." According to an investor letter recently obtained by the Financial Times, Elliott Management criticized the Trump administration's support for cryptocurrencies, arguing that it is fueling speculative fervor. The fund warned that a sharp drop in cryptocurren...