Texas authorities are dissatisfied with President Biden’s demand to remove barriers made of barbed wire on the border with Mexico. There is even a bill proposing a vote for the state’s secession from the U.S., and several Republican states have declared their support for Texas.
For now, it’s just an intriguing story for the media, but the reasons behind it are crucial: ▪️ Biden needs the votes of migrants and their supporters in elections, and to ensure a smooth landing of the economy in the labor market, cheap labor force is essential. ▪️ Trump is leading in the Republican primaries for the presidential candidacy and is a staunch opponent of migration to the U.S.
The worse the economic situation in the U.S., the better it is for Trump right now. It’s no coincidence that Republicans in Congress are struggling to pass the budget for 2024. The escalation of political tensions could escalate into a stock market sell-off, potentially threatening Bitcoin with panic selling.
Get ready with your popcorn; 2024 promises to be extremely interesting and unpredictable 🍿.