【Did Lee Jae-myung’s team’s bluster scare the Korean stock market into a crash? Crypto OGs all get this plot!】Family, today in Korea there was a case of a “market crash caused by talking too fast”—it was basically a live risk education lesson! 📉 Here’s what happened: A few days ago, Kim Yong-beom (Lee Jae-myung’s subordinate and policy chief), posted extreme statements online, saying he would take the excess profits generated by AI and distribute them to the public. Well, once he opened his mouth, the Korea KOSPI index immediately plunged by 5.1%! 😱 Why? Because what capital fears most is “uncertainty.” At the time, investors were thinking: “Is this going to be like a tech-version of ‘taking from the rich’? Are they planning to target AI giants and semiconductor companies for a targeted harvest?” 👨💼 Lee Jae-myung put out the fire overnight: don’t panic—it’s a misunderstanding! Seeing the market collapsing, Lee Jae-myung quickly stepped in to smooth things over. The message was very clear: 1️⃣ No intention to touch companies’ profits: absolutely not taking companies’ net profits to hand out money. 2️⃣ Only focusing on “taxation”: we just want to use the “excess tax revenue” brought by the AI boom (that is, the portion of tax the government collects more than usual) as “citizen dividends” to distribute it. Only then did the policy advisor spell it out: no new taxes, no windfall profits tax—just sharing the extra money the government makes. The market finally breathed a little easier, and the decline narrowed. 🧠 The blogger’s spicy take (pay attention): This looks like a story from a traditional stock market, but for those of us playing crypto, the warning is huge! ✅ First, narrative determines sentiment. Even before a policy is actually implemented, one sentence can tank the market. It’s like if one day the chair of the SEC in the US suddenly said they were going to take a cut of exchange profits—the price of BTC would likely immediately spike and then drop. ✅ Second, politicians’ “talk” is the biggest black swan. A lot of the time, they throw out promises to win votes, but the market votes with real money. ✅ Third, liquidity is king. When expectations of “citizen dividends” and an MMT-style (Modern Monetary Theory) deluge of money appear, asset prices can swing violently. Remember this: in the crypto world, you don’t just have to see whether a project’s code is solid—you also need to see whether politicians’ mouths are under control! 🤫