Hedge fund mogul John Paulson has raised alarms about Kamala Harris's potential impact on the U.S. economy if she wins the presidency in November.
Paulson, managing a $9 billion fund, has warned that he might withdraw his investments and shift to cash and gold due to concerns over Harris’s proposed economic policies.
He believes her plans, including a 25% tax on unrealized gains, could lead to market turmoil and a quick recession.
Paulson favors Donald Trump’s economic policies, arguing they better support the middle class and drive economic growth.
He highlights that wages increased under Trump, whereas under Biden, inflation has hurt real wages and exacerbated financial strain on average Americans.
Other notable figures, including Warren Buffett and Elon Musk, share concerns about a Harris presidency. Buffett has been liquidating stocks, while Musk predicts worsening economic conditions and greater government control.
Analyzing the latest updates shared by Wu Blockchain, this past week underscored a pivotal shift in the crypto landscape. Bitcoin surged to a new all-time high of $123,226, pushing the overall crypto market cap beyond $4 trillion—a milestone reflecting renewed investor confidence and accelerating institutional flows.
Charles Schwab is preparing to roll out spot Bitcoin and Ethereum trading, according to CEO Rick Wurster during the firm’s latest earnings call.
BlackRock is seeking to enhance its iShares Ethereum Trust (ticker: ETHA) by incorporating staking features, according to a new filing with the U.S. Securities and Exchange Commission (SEC) submitted Thursday.
A new report from the International Monetary Fund (IMF) suggests that El Salvador’s recent Bitcoin accumulation may not stem from ongoing purchases, but rather from a reshuffling of assets across government-controlled wallets.