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Crypto Bubble Warning

When Melania Trump launched her own cryptocurrency, it set a dangerous path for the cryptocurrency market. Politics and the presidency are mixing into the crypto market.

Elliott Management wrote an investor letter that warned investors of President Trump inflating the crypto bubble. Elliott said that the Trump administration hyped up the value of assets. As prices rose, it had no substance to justify the increase.

The activist firm also cited the artificial intelligence boom that created extreme market valuations. This creates substantial risks for recent investors who joined the AI boom too late in the game.

Watch Bitcoin

Investors should watch Bitcoin (BTC-USD). Prices broke above $100,000 in late November 2024, after the elections. It may rise further after Trump signed an executive order to establish a working group that evaluated the merits of a national digital asset stockpile.

Crypto investors should also watch out for volatility in XRP. XRP-USD lost nearly 30% of its value in January. A decline in Bitcoin or Ethereum (ETH-USD) prices would pressure XRP prices.

LIF3 prices are also volatile. It trades as high as $0.01 last Oct. 2024 before closing at $0.0045 on January 31. Jambo and LIF3 partnered last Nov. 2024 to offer an omni-chain DeFi Layer-1 ecosystem to its Jambo phone users in over 120 countries.