Financial Markets BRACE For TRUMP…Major SELL OFF?!?

Well, that was quick. The honeymoon period for Donald Trump is over before it even began. Now, whatever he says out loud, crashes financial markets and leads to our enemies attacking and rejecting statements made by Donald Trump in an instant boomeranging and hitting America right in the face. I'm Michael Popok. I'm here for it. This is the Midas Touch Network in Legal AF. Let's talk about Donald Trump trashing and crashing the cryptocurrency market before he even got into office.

Donald Trump supposedly is some sort of cryptocurrency and Bitcoin guru. And if he is, then he claims that his son Baron Trump, the 18 year old or 19 year old at NYU is, but Donald Trump made a couple of really ridiculous statements in the last few days. And the crypto traders are going like, huh? He's saying things like,

All the remaining Bitcoin that needs to be mined over the next 100 years should all be mined by crypto miners in America, impossible, by the way. And that we're going to create a cryptocurrency Bitcoin strategic reserve like an oil reserve that the government is going to double down on my private investments in cryptocurrency to which the cryptocurrency in Bitcoin market said sell.

And now there's been 500 billion with a B, billion dollars worth of sell off of Bitcoin since Donald Trump made those statements, 500 billion dollars of value evaporated because Donald Trump doesn't know what he's talking about. He's surrounded by people who don't know what they're talking about and crypto traders who have already gone through one crypto winter are waiting for another crypto winter that they think's going to hit pricing around the time of the inauguration.

But to Donald Trump, he doesn't care. He's got so much other money tied up in his truth social media. He doesn't really care about his cryptocurrency holdings. He doesn't care about how the average person who's got some sort of cryptocurrency who bought it because Elon Musk told them to is being wiped out.

This is another example of voters having second thoughts and maybe wanting to retrade their decision to vote for Donald Trump. Hey, all you cryptocurrency investors. Hey, all you cryptocurrency companies that invested hundreds of millions of dollars in a Donald Trump's campaign thinking you'd be able to have a blank check. Do you be able to write whatever policies you wanted? How's it going for you so far?

There was a lot of champagne bottles popping over the $100,000 Bitcoin price a couple of weeks ago. Have you checked it lately? It's now down to about $90,000. That's a big drop, mainly because Donald Trump doesn't know what the heck he's talking about. And the world is watching. Our enemies, like Putin, soon as just to compare here, as soon as Donald Trump announces there should be a ceasefire and there's a plan that Donald Trump is proposing to stop Russia's war on Ukraine.

to stop its violation of sovereignty. How did Putin react? Completely rejecting the ceasefire plan, completely rejecting the peace plan that Donald Trump has supposedly floated already before he's in office, already conducting foreign policy while he's not even president yet, the violation of the constitution to which Putin said, yet. That's about the extent of my Russian yet, yet. And let's bomb Ukraine on Christmas night and knock out its power supply and its power grid.

That is the reaction of the world to Donald Trump. I had a conversation recently with somebody, smart guy, Republican. That's fine. I have a lot of smart guy, Republican people, Republicans around me that I have conversations with. You can't just completely bury your head in the sand. I mean, I get along better with sort of Rockefeller and Goldwater and Reagan Republicans, but I do have conversations.

And he said, I think it's good for the world and world to order and world peace for Donald Trump, who's erratic to take the presidency. Cause that erraticness is a doctrine is a policy. I said, are you out of your cotton picking? Are you out of your mind? Sorry. That's not a policy. Eraticness, a lack of discipline mind.

A an ugly mind, so to speak, is not a doctrine, is not a strategy. It will be exploited and is being exploited by strong will dictators and our enemies and terrorists around the country and around the world. They can't wait for Donald Trump to get into office to exploit his, you know, his, what's the word I'm looking for? His, his, his lack of ability to make a coherent decision.

the chaos around Trump and his thought process and his implementation of policy is a boon to our enemies and traders and brokers in our financial services markets are watching. You know what makes them nervous, erratic presidents. You know what makes them nervous and makes the markets jittery and people lose money when they can't trust and bank on reliability in our government.

They don't like government and policy by social media tweet. They don't like to have to wake up in the morning and find out when at three o'clock in the morning Donald Trump wrote about the cryptocurrency market or about the Securities and Exchange Commission or about the environment and have to figure out how that factors into financial markets. They were already exhausted the first time around. Now, Donald Trump is going to claim credit for things when he gets into office that are all on the democratic dime.

We should let him as fair-minded people. He's going to take credit for cheap gas and falling gas prices on his way in. That's all Joe Biden and the Democrats. He's going to take credit for low unemployment.

And that's all on Joe Biden and the Democrats. He's going to take credit for low inflation. And that's all on Joe Biden and the Democrats. He's going to take credit for falling murder rates and homicide rates in cities down to the lowest numbers they've ever seen since the 1960s. And that's all on Joe Biden and on the Democrats. But Trump will try to take credit for it.

but smart, sharp money knows better. And that's why the financial services markets are ready to crash upon the arrival of Donald Trump. We're not going to get a Donald Trump bull market. We're going to get a Donald Trump bear market.

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And we got a report on it right here. All, I'm going to say it one more time for those that invested in Donald Trump and the cryptocurrency market. I thought they were getting a president in their corner. All Donald Trump cared about was two things in going into office avoiding criminal liability for the crimes that he committed. That's one. And secondly, lining his pocket and those of his family and make sure they leave office like any good dictator, more financially well off than they were on the way in.

You know how all those dictators leave office with billions and billions of dollars of their tax of their constituents money in jewels in gold in investments in money in Swiss bank accounts. You know how that happens when they leave like a sod from Syria. You don't think he's got billions of dollars hidden somewhere. That's just going to happen with Trump and his family on the way out.

It's a crime spree in plain sight. And now people, and we've done a lot of reporting on the mighty stretch network, people in the various sectors and industries and constituencies that supported Donald Trump are saying, is that the guy I voted for? Yes. Yes. That's the guy you voted for. I'm going to continue to follow closely with my Wall Street background.

having been an executive on Wall Street, having been a lawyer on Wall Street. I'm going to follow closely what is happening on Wall Street and its reaction to Donald Trump on a daily basis. I'm going to come right back to you here on the Midas Dutch Network and on legal AF. Join me on Tuesdays for a new show, sort of like this, but longer called Popok Live, Tuesday nights at 8 p.m.

right here on the eastern time, right here on the Midas Touch Network. And then on Wednesdays and Saturdays, oh, it's the OG podcast, legal AF, find out what 40 million people a month already know, law and commentary, analysis, and so we try that again.

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right in time for Donald Trump's arrival.