Elon Musk has voiced concerns about a possible financial shake-up if Kamala Harris becomes president in 2024.
He believes that key financial players, like hedge fund manager John Paulson, may switch their investments to cash and gold. Paulson is reportedly uneasy about Harris's 25% tax proposal on unrealized gains, which could lead to a large market sell-off.
Even Warren Buffett seems to be preparing for this potential scenario.
While both Harris and Donald Trump have shown support for cryptocurrencies, the uncertainty could rattle the crypto market.
Trump's recent DeFi project, World Liberty Financial, and its $WLFI token might bring some hope to crypto enthusiasts, but the election could still create serious market volatility.
This election may not only impact politics but could also send shockwaves through the economy.
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- Will crypto survive the turbulence?
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