So, we’ll start with what’s on everyone’s mind: Are Americans getting a Doge check!?
The Doge $5,000 check is shaping up to pump crypto hard. Think 2021 on steroids. Personally, as a fiscally conservative investor, I’ll use that $5k to short $TSLA. Just kidding, I’ll probably use it to invest in more Bitcoin.
Musk’s DOGE Dividend suggests a bold plan to refund taxpayers by cutting federal spending. The initiative aims for a $2 trillion cut by 2026, with 20% of the savings—roughly $400 billion—redirected as $5,000 checks for eligible households.
On this Feel Good Friday, let’s talk Doge checks, the slow Solana rugpull, and everyone’s favorite Bitcoin addict, Michael Saylor!
Are Americans Getting a Doge Check?
After posing with a chainsaw with recent crypto rug puller Javier Milei—usually a cool guy, but that crypto launch was no bueno—Musk floated the idea on Twitter, saying he’d “check with the President” about stimmy checks.
The Department of Government Efficiency has reported $55 billion in savings to date. However, major media outlets have questioned DOGE’s numbers, some of which have pointed out discrepancies in the task force’s savings reports. For example, one claim of $8 billion in savings was just $8 million—a significant overstatement.
But if the plan does work, here’s how Azoria financial analyst James Fishback thinks it’ll go down:
Fishback’s plan suggests a one-time $5,000 rebate check would be issued to households that pay federal income tax. Estimates indicate this would include about 79 million households.
However, the funds would only become available if DOGE reaches its original $2 trillion savings goal. Additionally, the checks would require approval from Congress—an uphill battle given the current political climate.
Yet this is Donald Trump and Elon we’re talking about, so anything is possible.
Solana Founder is Crashing Out: Did We Break Anatoly?
After suffering a 10% drop on Solana this week, the founder Anatoly Yakovenko appears to be sperging out.
Some days, I still can’t understand how Sam Bankman-Fried’s private playground chain became this huge after the FTX collapse. While Solana has been the butt of many jokes this year – many calling it a blockchain full of rug pulls – the silver lining is a SOL ETF likely happening in 2025.
The odds on Polymarket are 80+%. So, we’ll see what this year has in store for Solana.
Michael Saylor Wants The United States to Buy 4.2 MILLION BTC
Michael Saylor is egging on the United States to pump our bags to all-time highs.
Ulterior motives aside, if America wants to lead in the Bitcoin space race, it needs to get involved soon.
Nation states are 100% already buying Bitcoin through proxies. It’s a matter of accumulating and not revealing. The reason no one is saying anything is that they’re afraid if they reveal they now have X Bitcoin, some other nation-state is going to say, “Oh, we do too; we actually have 2x Bitcoin.” That’s my theory anyway. China knows this, Russia knows this, and the U.S. knows this.
So, the U.S. needs to ensure it has the top amount before revealing anything. Or, I’m totally wrong, and no one cares for some reason. But we’ll keep stacking anyway!
That’s all we got for Feel Good Friday! If you’re at ETH Denver next week, drop me a line on X.
EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress
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