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Donald Trump Leads On Elon Musk’s X; Galaxy CEO Warns Of Bias

Donald Trump leads on Elon Musk's X platform, sparking controversy and warnings of bias from Galaxy CEO Mike Novogratz, amid concerns of a "right-leaning" echo chamber.
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Donald Trump Leads On Elon Musk’s X; Galaxy CEO Warns Of Bias

Highlights

  • Donald Trump leads on Elon Musk's X platform, fueling controversy and bias concerns.
  • Galaxy CEO Mike Novogratz warns of X becoming a "right-leaning echo chamber".
  • Novogratz even said that Musk's social media platform is becoming "Fox News 2.0".

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.

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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.

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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.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

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