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The US Republican party passed 1.5 Trillion of spending cuts.
And and 4.5 Trillion tax break over the next 10 years.
That's a 3 Trillion deficit just for these items alone.
The DOGE cuts mostly of personnel are a drop in the bucket.
All the folks with the big money are getting out of “risk” assets right now. Tariffs, that kind of stuff in the air… I don’t like it either, but I think this matches the current scene.
What we really “need” right now is a big Cyprus style (I don’t actually want this for anyone, it’d just be a thing that would make Bitcoin get all sporty again) government misbehavior. In a lot of ways, D.O.G.E. is the ultimate enemy to Bitcoin NGU. They solve the same problem, and it looks like the former is doing an ok job at the moment.