(The Business Insider) Elliott Management, a $34 billion hedge fund founded by billionaire Paul Singer, has an acronym to describe the folly surrounding cryptocurrencies – WTHIT, or what the hell is this? “FOMO (fear of missing out) has solidly trumped WTHIT (what the hell is this??),” Elliott told clients in a January 26 letter seen by Business Insider. “When the history is written, cryptocurrencies will likely be described as one of the most brilliant scams in history.”
Elliott Management, a $34 billion Hedge Fund, Described Cryptocurrencies As ‘One Of The Most Brilliant Scams In History’ in a brutal takedown
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