As the 2024 U.S. presidential election enters the final 26 days of the sprint, Musk, the leader of Tesla and founder of social platform X, is cheering for Trump with full motivation.
He bluntly said that if Harris wins the crown, her government may launch a legal offensive against me and X platform, especially if the Democrats repeal Section 230 (Communication Standards Act) - a law that protects online platforms from being responsible for user-generated content. This move "will instantly destroy X."
"If Trump loses, I'm afraid I won't be able to escape the disaster." Musk admitted that he has always been critical of Harris, and humorously asked himself if he would be imprisoned, how long his sentence would be, and whether he would be able to see his children again.
In support of Trump, Musk cited the 1986 (Immigration Reform and Control Act), which gave legal status to millions of illegal immigrants and profoundly changed the political landscape of California, leaning toward the Democratic Party. "The addition of new citizens is enough to change the electoral landscape and eliminate swing states."
He stressed that the true meaning of maintaining democracy lies in diversity and competition, not the dominance of one party. Those who regard Trump as a threat to democracy are actually potential destroyers of democracy.
Recently, Musk went to Pennsylvania to campaign for Trump. He was full of energy and called on the public to support Trump and defend freedom of speech and fair elections. This was his first appearance at Trump's campaign event since he publicly supported Trump on social media in July.
At the same time, Standard Chartered Bank released its latest report, predicting that if Trump wins, by the end of 2025, Solana's price may soar fivefold, Ethereum's price may rise fourfold, and Bitcoin's price may triple. If Harris is elected, Bitcoin will outperform Ethereum, and Ethereum will perform better than Solana.
Standard Chartered Bank is optimistic about Solana for two reasons: First, the Solana spot ETF is expected to be approved, which may indicate that cryptocurrencies such as SOL will also usher in the ETF era and break free from the constraints of securities attributes; second, Solana’s upcoming Firedancer upgrade aims to significantly enhance transaction processing capabilities, which is expected to help Solana establish a leading position in finance, consumer services, and DePIN, and push up its valuation.
It is worth noting that Standard Chartered Bank has always been optimistic about the prospects of the crypto market, but its previous predictions have not all come true. For example, the bank predicted that Bitcoin would hit a record high after the Ethereum spot ETF was approved, but it did not come true. As for the prediction that Bitcoin will reach $125,000 by the end of the year, the market still needs to wait and see.
