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Notes -
I was going to ask a related question:
How much of the market drop and the apparent crisis(es) are the result of negative media coverage? Anything and everything the administration does is seen as a violation of something or other.
I'm still convinced that this happened during COVID. With any other administration, the media wouldn't have been motivated to keep hammering on the fear, the vaccines would have been an excuse to end the lockdowns, and you wouldn't see masked-up leftists to this day. Being deathly afraid of COVID was bound up with being a good little resistance member.
That said, I didn't even vote in this election and don't personally like Trump; he melted my dad's brain, among other wrongs. I'm disappointed at the Musk lying and tomfoolery; this isn't even good trolling. It feels like someone somewhere made a monkey-paw wish to defeat wokeness and this is what they got. I worry it might have been me.
I really just wanted the crypto market to go up, thanks to fair/reasonable/clear regulation and institutional buy-in. A Bitcoin reserve is fundamentally a good idea. I want a future where putting 5-10% of your assets/investments in crypto is boring safe, conventional wisdom that it'd be irresponsible not to follow, like bonds or whatever. Trumpcoin doesn't further that goal.
I can't say this was my "eye opening" moment since my eyes were already opened by then but that was the headline I'll never forget from the Coronavirus era, because it showed me the rot goes all the way down, there's no bottom: https://www.foxnews.com/media/cnn-trump-peddles-unsubstantiated-hope-coronavirus
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I'd say we've been due for a crash for quite a while, and I'm surprised we've been able to keep it up for this long.
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