Trump is completely demoralized. The Democrats swept both houses of Congress in the midterm elections, with the House expected to win approximately 248 seats, its largest majority in nearly two decades. In the Senate, he lost even deep-red states like Texas, Ohio, and Iowa, including several candidates personally handpicked by Trump. Starting in January, tariffs, budget cuts, and the Iran war—everything will have to get past the Democrats; subpoenas and hearings await him. Two years left, a classic lame-duck situation. The market already voted last night: Nasdaq futures fell over 2.5%, and BTC followed suit. The "crypto president" windfall is starting to wear off today.