Veteran investor warns about the business pursuits of ‘rulebreaker' Trump
Veteran investor warns about the business pursuits of 'rulebreaker' Trump originally appeared on TheStreet.
Veteran angel investor, internet entrepreneur and co-host of the All-In podcast, Jason Calacanis, has some sage advice for President Donald Trump.
Calacanis criticized the president's conflicts of interest for the First Family's involvement with multiple crypto businesses.
The Trump family is engaged with or backs a number of crypto ventures, such as meme coins, crypto exchange-traded funds (ETFs), the World Liberty Financial project, and USD1 stablecoin.
Trump is a 'rulebreaker' who bends the rules, but it bites him back in the form of lawsuits and impeachment, the angel investor said, and hoped that the president and his family won't engage with too many crypto business ventures.
If the Trump family is involved with several crypto 'shenanigans,' as Calacanis called them, it will throw off the track all the 'positive aspects' of his presidency, among which he counted trade and 'sensible immigration.'
Trump's crypto ventures are neither popular among the crypto industry nor in and around his own administration, Calacanis added. He hoped that those around the president could tell him and his family to 'pump the brakes' on their multiple crypto offerings.
Calacanis, however, underlined that such conflicts of interest are not unique to the Trump family, as every U.S. president seems to have had such conflicts, often from family members. This is how a free market economy like the U.S. works, he continued.
The angel investor also sounded the alarm on Bitcoin treasury companies like MicroStrategy (Nasdaq: MSTR). The moment Bitcoin declines to $60,000, "which it will inevitably," if crypto veterans are to be believed, it will cause a lot of problems for such companies, Calacanis warned.
As per Kraken, BTC was trading at $106,876.93 at press time, up 12% a month.
Veteran investor warns about the business pursuits of 'rulebreaker' Trump first appeared on TheStreet on May 29, 2025
This story was originally reported by TheStreet on May 29, 2025, where it first appeared.
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