Trump Won Big. What Happens Now?
The 2024 election is finally over! I'm sure all of you are tired of the constant emails and calls from political candidates asking for your vote. I know for sure that I am! With that being a said election night 2024 was a bloodbath for the Democrats. Not only did Kamala Harris not win the presidency, the Democrats lost the Senate and will most likely will not win back the House of Representatives.
The Republican will now control all three branches of the federal government for the first time in a while. What they decide to do with this new found power is going to be interesting because they don't have a super majority in the senate or the house. They are going to have to work with Democrats to get anything done, which after this election if pretty much a non-starter.
It is cool that Trump won and all but I honestly don't know how is going to change from a Biden to a Trump presidency. The Democrats are not going to give Trump a win on anything because they have nothing to lose over the next 4 years. Who do they have waiting in the wings to take over the lead the Democrat party? Gavin Newsome? He can't even run California right. AOC? The Squad? Crypto hater Elizabeth Warren? Yea right. Democrats have effectively lost their way and do not know how to connect to the average voter right now. As long as the focus on abortion, gender and race identity they will continue to lose the average voter.
The average voter cares about the economy and putting food on the table. They care about crime and keeping their community safe. They care about securing the border and making sure people immigrate to this country through the proper channels. It's not really that hard if you think about it. In my opinion the Democrat party is talking to a constituent that will be the majority maybe in another 20 years, and the issues the talk about now resonate more with that cohort but they are not a majority of the voting public. How the Democrat party doesn't understand this is beyond me and frankly I don't care if they do.
They will either adapt of wither away as a political party. I would love to see the emergence of more political parties that could decentralize more of the political power among different stakeholders.
What Happens Over The Next 4 Years
Now that Trump has been elected as the 47th president of the United States what does that mean for America and the world? Needless to say there are some massive shifts coming on the foreign policy front that much is certain.
Ukraine
Lets start with Ukraine. Trump being elected is definitely a negative for Ukrainians that want to keep fighting and not cede land to Russia. What I see happening is Trump demanding that Ukraine give up the land they lost to Russia because they will not send more military hardware to help they continue the fight. Ukrainian leadership will not like this but their hands are effective tied at this point.
The US is the biggest backer of Ukraine and when they so no more weapons there isn't much they can do about it. Europe hasn't stepped up in a real way and provided the support they need despite the war being on the doorstep. I get Trump's thinking on this. If Europe isn't going to step up why should America foot the bill. The consequences of letting Russia get away with this has more impact on Europe than America. Time will tell what will happen with this conflict but it safe to say right now its a wait and see situation.
The lesson that dictators will learn from this is they can take land with impunity because the so called "free world" will do nothing to stop them. What happens when China invades Taiwan? This is going to happen as a result of Trump winning. China sees a America that is more inward facing and not a global force that will intervene in the affairs of other countries. It's going to be an interesting 4 years.
Israel/Gaza War
Trump winning the election gives Israel and Bibi Netanyahu the green light to pursue their genocidal campaign in the Gaza Strip and Lebanon. You can expect more people to be killed in Gaza and I wouldn't doubt if the death toll hits 100k by next year. Israel isn't trying to take out Hamas, they are forcibly removing the Palestinians from northern Gaza and killing as many as they can. There have been videos circulating online of far right Israeli settlers that want to reoccupy Gaza. This has been a plan in the making for a long time. Don't believe me? Watch this video!
Trump will do nothing to stand in the way of this happening which probably means a wider regional war with Israel vs the Arab world is not off the table. Guess who get drawn into that war to help defend its "greatest ally". Be careful what you wish for America.
Bitcoin
The one thing I think a Trump administration will have a positive effect on is the Bitcoin price and regulations. If you are a Biticoner you are aware of President Trump's 180 on Bitcoin. 4 years he thought it was a scam to now in 2024 wanting to create a strategic Bitcoin reserve and speaking at the Bitcoin conference. Pretty wild stuff right! As the election results were coming in last night you saw the Bitcoin price rise and reach a new ATH with the prospect of a Trump win.
Now that this has become a reality, I fully expect Bitcoin to reach 6 figures over the next 6-12 months. The creation of a Bitcoin strategic reserve or the simple act of not selling confiscated Bitcoin will be enough to drive the price higher. The higher the price goes, the more attention it gets. NGU in full effect. While I don't what the regulatory front looks like for Bitcoin under Trump, it should be less hostile than the Biden/Harris regime. I think pushing for the removal of capital gains taxes on Bitcoin and making Bitcoin legal tender should be the next goal to achieve.
Overall a Trump win is bullish for Bitcoin and I am excited to see what the next 4 years looks like without the federal government actively trying to put the squeeze on Bitcoin.
I hope the Trump administration is successful and keeps its promises to the American people, especially the one about freeing Ross Ulbricht. Ross deserves to be free and with his family. Let Edward Snowden come home too. God Bless America.