Now that the US Presidential elections are behind us, it is time to look at the collateral damage. Financial markets all over the world are taking a beating, as the entire globe’s population is afraid of what the future will hold. The US Dollar is falling, stocks are going deep in the red, and Bitcoin is showing a bullish uptrend.

Donald Trump Causes A Financial Meltdown, of Sorts

Anyone with half a brain could see how these US Presidential elections would affect the financial markets

But the US Dollar has widespread implications, affecting nearly all global trade. The world economy hinges on the USD, and any shock waves will be felt hardest by other countries. European shares are in a free fall across the stock markets, with losses of 4% and more being rather standard at this time.

The Mexican Peso is not doing all that great either, but that was to be expected. Thankfully, the central bank has a

American stocks are responding in the same manner as their European counterparts, although the losses are slightly larger. The majority of stocks dipped by as much as 5% at one point, pushing them deeper into the red than the Brexit did. Global economic crisis and financial shock waves will be felt for years to come, and it is doubtful whether we have even scratched the surface of what lies ahead.

While the people of the United States have clearly shown their desire to have Donald Trump as President, it remains to be seen how quickly they will regret that decision. Financial experts warned about an economic collapse if this doom scenario became a reality, and the markets are responding accordingly.

The only exception to all of this significant turmoil is none other than Bitcoin. In fact, its value has gone up by 5% and more in the past 24 hours, which is anything but surprising right now. People want safe haven assets, and even though Bitcoin is volatile, it is a far better choice than any fiat currency in existence today.

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