Grant Cardone’s Thinks Kamala Harris Misses The Mark On Financial Literacy: ‘If She Is Elected, Forget Crypto!’
Vice President Kamala Harris‘ recent outreach to the cryptocurrency community has ignited debate among industry experts.
However, Grant Cardone, the CEO of Cardone Capital and a speaker at Benzinga’s Future of Digital Assets event, is not convinced.
Cardone views Harris’ actions as mere political maneuvering, claiming, “Harris has had no shift toward the crypto industry.”
He suggests that her recent tactics are part of a broader strategy to secure votes without offering genuine support to the crypto space.
Trump vs. Harris on Crypto
In contrast, Cardone believes former President Donald Trump has a better grasp of the digital asset landscape.
When asked about Harris’ potential impact on the industry, he didn’t mince words: “If she is elected, forget crypto.”
He praised Trump for allegedly understanding the vulnerability of the U.S. dollar to overprinting and for the possibility of adopting crypto to back the dollar.
While Cardone supports Trump’s stance, critics point out that the national debt soared to $22 trillion during Trump’s administration, with $8 trillion added in just four years.
Cardone’s Criticism of Traditional Retirement Plans
Cardone, who has built his reputation on unconventional takes in the finance world, doesn’t just focus on crypto.
He has been equally vocal about his opposition to traditional retirement savings vehicles like 401(k)s and IRAs.
He calls them ineffective for building real wealth, labeling them “traps that prevent people from ever having enough.”
Cardone argues that the tax implications of 401(k)s and potential rises in tax rates could end up costing investors more in the long run.
“I believe that Wall Street and the IRS got together and said, ‘Hey, we want to capture …
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