NAIROBI (CoinChapter.com)—Christophe Barraud, hailed as the “world’s most accurate economist,” projects Donald Trump win in the 2024 U.S. presidential election, with Republicans likely to gain control of Congress. Barraud, chief economist at Market Securities Monaco, based his forecast on polling, betting markets, and financial metrics. He points to a probable GOP sweep on Nov. 5. However, he warns that Trump’s fiscal policies could strain the U.S. deficit despite potential short-term economic gains.
Christophe Barraud/X
Barraud, Bloomberg’s top-rated U.S. economic forecaster for 11 of the last 12 years, expects a 2.1-2.3% GDP rise in 2025 if the GOP wins both chambers of Congress. While Barraud anticipates initial economic momentum, he notes that Trump’s tax policies could raise the 10-year Treasury yield to 5%. This would be up from the current 4.29%, exacerbating long-term fiscal issues. However, a Harris win would likely mean divided congressional control, keeping economic policies largely unchanged.
Trump’s Regulatory Stance May Undermine Memecoins’ Appeal, Experts Say
A potential Trump victory in the U.S. presidential race could spell trouble for the memecoin market, warns Columbia Business School professor Omid Malekan. According to Malekan, memecoins embody a form of economic populism, attracting people disillusioned by tokens dominated by venture capital. In
Castle Island Ventures partner Nic Carter agrees, noting that Trump’s push for “regulatory sanity” could dampen retail interest in speculative tokens. Carter suggests that stricter oversight would redirect attention to decentralized applications (DApps) and blockchain projects with utility, pulling interest away from memecoins.
Some, however, maintain that memecoin demand is less about regulations and more about global money supply. Crypto analyst Murad Mahmudov insists that memecoins attract users drawn to high volatility and returns, indicating continued popularity regardless of political shifts.
Polymarket odds currently show Trump leading with 66.7% favorability, compared to Harris’s 33.4%. Trump has positioned himself as a cryptocurrency advocate. He promises to make the U.S. the “world capital of crypto and Bitcoin.” This pledge may resonate with crypto enthusiasts, especially in swing states like Arizona, Michigan, and Nevada. A Coinbase poll shows that two in three crypto owners in these states lean toward a pro-crypto candidate.
With only days until Election Day, many in the crypto space await the election’s outcome to see if Trump’s vision will reshape the industry.
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