Latest news with #Calacanis
Yahoo
3 days ago
- Business
- Yahoo
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.
Yahoo
26-04-2025
- Business
- Yahoo
Investor Jason Calacanis Says, 'These Trump Truth Tantrums Certainly Play With The MAGA Base, But They Destabilize Markets'
Jason Calacanis is openly critical of President Donald Trump's impact on the economy. In a series of tweets, the well-known tech investor criticized Trump for creating what he described as 'complete market chaos' just 92 days into his new term. 'I'm basing it on just facts actually...'Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Hasbro, MGM, and Skechers trust this AI marketing firm — . Calacanis, a well-known investor and entrepreneur who is known for speaking plainly, responded directly to Trump's April 21 Truth Social post. In it, Trump claimed inflation was nearly gone and called for immediate interest rate cuts, blaming Federal Reserve Chair Jerome Powell for being too slow. 'There is virtually No Inflation,' Trump wrote. 'But there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW.' Calacanis was not impressed. He posted on X, 'President Trump was elected to improve the economy; objectively, the only thing he's accomplished in 92 days is complete market chaos.' When others challenged him for being subjective, Calacanis stood his ground, submitting charts and saying, 'I'm basing it on just facts actually... bonds, dollar, markets, layoffs and survey data.'Trending: It's no wonder Jeff Bezos holds over $250 million in art — Two days later, Trump told reporters that his 145% tariffs on Chinese goods would 'come down substantially, but it won't be zero.' Treasury Secretary Scott Bessent called the tariffs unsustainable and said a de-escalation was likely. Trump's tariffs and his threats toward the Federal Reserve have spooked investors. Markets briefly rebounded on Bessent's comments, but overall volatility remains. In response to someone posting 'Just say it, he's destroying the economy,' Calacanis said, 'He's rattled it. It would be VERY hard to destroy the US economy... you could mute it 10-35%, but not kill it.'Despite high tariffs, Trump has tried to strike a friendly tone with China. 'We're going to live together very happily and ideally work together,' he said. Meanwhile, China continues to push back, warning other nations against striking trade deals with the U.S. that could harm Chinese interests. Beijing has also pressured companies in South Korea to stop exporting any products with Chinese minerals to U.S. defense contractors. Calacanis summed it up plainly in his original post: 'These Trump Truth Tantrums certainly play with the MAGA base, but they destabilize markets.' Read Next: Here's what Americans think you need to be considered wealthy. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Investor Jason Calacanis Says, 'These Trump Truth Tantrums Certainly Play With The MAGA Base, But They Destabilize Markets' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
