Josh Gay

That's not good for consumer confidence.

And look, Trump is nowhere near a free market politician at all.

This is an unstable man, an unstable leader that insists on meddling in the market.

It's just a recipe for disaster.

And we're just now finding out yesterday job growth, job growth is having a ton to do with this.

The worst January since 2020, or excuse me, 2009.

And this is something I'm going to cover in just a few minutes in the next topic.

But layoffs are surging.

So markets are panicking.

And now Trump is pushing for Kevin Warsh to succeed Jerome Powell.

And we've seen the Jerome Powell videos and Trump making comments about him.

He's tapping Kevin Warsh now to replace Jerome Powell as the Fed chair.

And look, Warsh is known as overall pretty crypto friendly.

But in practice, he's extremely pragmatic when it comes to monetary policy.

He wants a tighter grip, just like Donald Trump does.

And that is diametrically opposed to the philosophy of most crypto investors.

They want the wild, wild west.

They want a pure free market.

So because crypto has a smaller market cap and it's a tinier piece of the overall market, it's more volatile and it's more susceptible to the changes

that you're seeing with Donald Trump's instability, the changes at the Fed, the job reports, all of that are making crypto crash.