Crypto Experts Warn Bitcoin Risks With Trump in Office
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- Dean Lyulkin warned that the Trump family is now synonymous with cryptocurrency and cronyism, citing the presidential pardon of Changpeng Zhao, Binance co‑founder, who had deals with World Liberty Financial.
- Jay Zigmont advised clients to keep crypto, including Bitcoin, to 10% or less of their assets, emphasizing that crypto is unregulated and lacks the history of stocks and bonds.
- Rana Foroohar wrote that digital assets are a prime place for conflicts of interest that could infect the larger economy.
- GENIUS Act was introduced to make the United States the “crypto capital of the world,” according to a White House fact sheet.
- Bitcoin has been flat for the year while gold rose more than 60%, showing that Bitcoin is not acting as a hedge like gold.
- Dean Lyulkin also warned that the Trump family’s crypto dealings could make markets a target for “bad actors” such as China and Russia, because the market is still small.
Why it matters: Investors who keep sizable Bitcoin positions risk exposure to conflict‑of‑interest manipulation linked to the Trump family’s crypto ventures, while gold’s 60% gain highlights a more reliable hedge; limiting crypto to under 10% of assets reduces potential loss.
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