Elon Musk Grills Kamala Harris But Polymarket Tells Another Story

Tech mogul Elon Musk has ramped up his criticism of Kamala Harris as political tensions intensify ahead of the 2024 presidential election. In a recent parody video, Harris is humorously portrayed making exaggerated remarks about her identity and qualifications.

Elon Musk Spotlights Harris Parody Video

The video features Harris saying, “I may not know the first thing about running the country, but , that’s a good thing if you’re a deep-state puppet.” The parody has drawn significant attention, particularly after Musk’s response on X. The Tesla CEO commented, “The governor of California just made this parody video illegal in violation of the Constitution of the United States. Would be a shame if it went viral.”

Elon Musk’s remarks didn’t stop there. He went on to claim that Harris and Minnesota Governor Tim Walz are “actually trying to make posting memes illegal.” The billionaire’s call to action, “vote them out.” Moreover, he noted that Donald Trump “must win” to deter America from going into “tyranny.”

While Musk’s posts reflect his criticism of Harris and her policies, Polymarket, a popular prediction market, shows a different perspective. As of the latest  Kamala Harris leads with 50% odds of winning the presidential election. Whilst, Trump’s chances stand at 48%.

Despite this, Musk remains optimistic about Trump’s chances, especially as he leads Harris in key battleground states such as Pennsylvania, Georgia, and Arizona. Also, the tech billionaire encouraged people to vote in favor of Trump as early voting started in Pennsylvania.

Impact of Harris’s Win On Stocks and Crypto

The financial world is also responding to the possibility of a Harris presidency. Hedge fund billionaire John Paulson recently announced that he plans to withdraw all his investments from the market and move into cash and gold reserves if Harris wins the election.

Paulson, whose hedge fund manages approximately $9 billion, expressed concerns about Harris’ economic policies. In response to the news, Musk wrote, “Buffett is already preparing for this outcome.” This implies that Warren Buffett, another influential investor, may be making a similar market shift.

A potential Harris win is also seen as bearish for the crypto market, as the current Democratic istration has been hostile towards digital assets. Moreover, Harris’ efforts toward a “crypto reset” have also not shown any significant results.

On the other hand, Donald Trump has positioned himself as a pro-crypto candidate, even promising the creation of a Bitcoin strategic reserve. He also has gained the of pro-Bitcoin Robert F. Kennedy Jr., who dropped out of the race and ed Trump’s campaign.

Also Read: Trump’s Ethereum Lending Service: Insights into Token Features

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Kritika Mehta
Written by Kritika Mehta

Kritika boasts over two years of experience in financial news and is currently a crypto journalist at CryptoNewsZ. She excels in covering blockchain technology and cryptocurrencies, offering insightful analysis and a strong grasp of market trends. With a focus on reporting the latest news, she delivers a nuanced perspective, exploring the intersection of finance, technology, and emerging crypto trends. Her ability to break down complex topics makes her work accessible to both seasoned investors and newcomers. ionate about the transformative power of blockchain, she continually researches industry developments to provide readers with accurate, engaging, and well-researched content. She also closely monitors regulatory changes, helping readers understand their impact on the crypto market.