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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.
51 sats \ 1 reply \ @028559d218 6h
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.
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44 sats \ 0 replies \ @jasonb 6h
Oh yeah, no doubt at all that long term, we’re always on course. I’m just saying that DOGE has a short term narrative that may be shinier than Bitcoin.
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