Several Somalis defrauded insurance in Minnesota, angering Trump; Trump sent ICE (Immigration and Customs Enforcement) to arrest people, but ICE overstepped and ended up hurting American citizens; now the Democrats have seized the opportunity and have blocked the Department of Homeland Security's budget in Congress. So what’s the result? The entire U.S. government is on the brink of shutting down again (the probability jumped from 9% to 79%).
What’s most ironic? American politicians are arguing, Wall Street is on holiday, and only the crypto space is taking a hit. Because the crypto market is the only one open on weekends, all the panic funds regarding the paralysis of the U.S. government have been dumped into Bitcoin. It’s like those insurance fraudsters treating, but in the end, it’s the brothers who are long on Bitcoin that picked up the tab.
This is the current financial world—political noise is becoming the biggest shorting force, even surpassing economic data.