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Donald Trump has gained immense support on the X platform, fueling discussions in the crypto market. However, the lead of the former US president on Elon Musk’s X has sparked discussions, given the tech mogul’s recent backing of the Republican candidate. For context, Galaxy CEO Mike Novogratz, in a recent X post, targeted the Tesla CEO while warning of bias on the social media platform.
Donald Trump’s Lead On Elon Musk X Sparks Controversy
Donald Trump’s resurgence on the X platform has intensified discussions surrounding the platform’s political bias. For context, Elon Musk has recently created a poll, which asked users to identify as Democrat, Republican, or Independent. It drew attention from various figures, including social media influencer Brian Krassenstein.
Notably, Krassenstein warned that X could become an “echo chamber” if left unchecked. Besides, Galaxy CEO Mike Novogratz echoed a similar sentiment, suggesting that the platform is becoming increasingly right-leaning.
Additionally, he even compared the social media platform to “Fox News 2.0.” Novogratz’s comments highlight growing concerns about the platform’s direction under the Tesla CEO, especially as the 2024 presidential election approaches.
Meanwhile, in another recent poll conducted by Elon Musk, the former US President received a staggering 73% of the votes, overshadowing Democratic candidate Kamala Harris. With over 5.8 million users participating, the “unscientific poll” results came in favor of the Republican US Presidential candidate.
However, as the former US president’s supporters celebrate his lead, critics question the fairness of the poll. They cited Musk’s own political inclinations as a potential influence.
Crypto Community’s Role In The Upcoming US Election
The digital assets community has played a significant role in Donald Trump’s support of X, with many users favoring the former president due to his perceived pro-crypto stance. In addition, Elon Musk’s previous ties to the crypto industry further fuel speculation about the platform’s bias.
Notably, as the former US President’s lead continues to grow on X, questions arise about the platform’s ability to maintain neutrality in the upcoming election cycle. Several users accuse the social media platform of skewing results in favor of the Republican Presidential candidate.
However, the poll’s outcome reflects a broader trend on X, where right-leaning voices seem to dominate the conversation. Novogratz’s warning about X becoming a “right-leaning echo chamber” underscores the importance of diverse perspectives in maintaining a balanced discourse on the platform.
Meanwhile, these results came amid prediction market traders giving Donald Trump a slim edge over Kamala Harris. Polymarket report’s latest odds showed that the former US President’s chances of winning were pegged at 50% and Harris’s at 49%, indicating a close fight between the two candidates among betters on the prediction marketplace.
Rupam Roy
Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam's expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam's journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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