Calacanis Warns Trump on Crypto 'Shenanigans'

Calacanis: Trump's Crypto Ventures Could Tarnish Legacy

Veteran angel investor Jason Calacanis has weighed in on the Trump family's recent foray into the world of cryptocurrency, expressing concerns about potential conflicts of interest and the overall impact on the former president's reputation.

Calacanis, known for his All-In podcast, specifically criticized the family's involvement in various crypto businesses, including meme coins, crypto ETFs, and stablecoin projects. He worries that these "shenanigans," as he calls them, could overshadow any positive contributions Trump made during his presidency, citing trade and immigration policies as examples.

He emphasized that such ventures are unpopular within the crypto industry itself and even within Trump's own circles. Calacanis voiced hope that advisors would urge Trump to reconsider these crypto dealings.

Free Market Complications

While singling out the Trump family, Calacanis acknowledged that conflicts of interest are not unique to them and are a common occurrence for presidents and their families in the American free market system.

Bitcoin Treasury Concerns

Beyond the Trump-related concerns, Calacanis also expressed worry about companies like MicroStrategy holding significant Bitcoin reserves, highlighting the potential for significant problems if Bitcoin's price were to fall.

Key Takeaways:

• Jason Calacanis advises Trump to limit his family's involvement in crypto ventures.
• Calacanis fears potential damage to Trump's legacy due to perceived conflicts of interest.
• He also raises concerns about companies holding large Bitcoin treasuries.