Elon Musk recently raised concerns about potential financial instability if Kamala Harris takes the presidency in 2024.
He predicts that major financial players, such as hedge fund manager John Paulson, might shift their investments toward safer assets like cash and gold.
Paulson is reportedly uncomfortable with Harrisâs proposed 25% tax on unrealized gains, which could lead to significant market sell-offs.
Even Warren Buffett appears to be preparing for this possible scenario.
While both Harris and Donald Trump have expressed support for crypto, the uncertainty around the election could still shake up the market.
On the bright side for crypto enthusiasts, Trumpâs new DeFi venture, World Liberty Financial, and its WLFI token might bring some optimism.
However, the overall market could face serious volatility depending on the election outcome.
This election could be a pivotal moment, not just for politics, but for the economy as well.
Stay tuned for updates:
- Can crypto weather the potential storm?
- What adjustments might investors make?
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