What are you going to spend your DOGE 5000 stimulus check on? We’re assuming U.S. libs are going to stand by their opinion of Elon being evil and will not accept the check, right?
The first 30 days of Donald Trump’s second term have been as chaotic as expected. Some, like Anthony Scaramucci, the 11-day White House Communications Director turned crypto-focused financier, have predicted a $200,000 BTC by year’s end.
Now, historically, Scaramucci is wrong about everything: Harris winning in 2024? Missed. Trump ditching the presidency by March 2020? Nope. Imminent market crashes? All duds.
But Bitcoin? With the $5,000 DOGE stimulus checks on the way, he could be surprisingly right.
Stimmys Inbound: Elon’s Doge $5000 Check Confirmed?
The Doge 5000 check is shaping up to pump crypto hard. Think 2021 on steroids. I will use that $5k to short $TSLA. Or 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.
Musk floated the idea on Twitter, saying he’d “check with the President.” Azoria financial analyst James Fishback backed the concept, calling the payments taxpayer “restitution.”
How the Elon Musk DOGE Dividend Could Work
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 turned out to be just $8 million—a significant overstatement.
But if the plan does work, here’s what Musk thinks:
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, an outcome that Musk and Trump themselves now seem to view as “somewhat likely.” Additionally, the checks would require approval from Congress—an uphill battle given the current political climate.
Yet this is Trump we’re talking about, so anything is possible.
Political Resistance To a DOGE Dividend Gathers Steam
The DOGE Dividend is already hitting walls in Congress. Republicans split on the plan, some dismissing it as reckless, while Senator Ron Johnson (R-WI) argued savings should go toward balancing the federal budget, not handouts.
Senator Josh Hawley pitched a different idea, suggesting child tax credit expansion as a better use of funds.
Still, turning that enthusiasm into action won’t be easy. The plan needs Congress, President Trump, and proof that the $2 trillion savings goal is more than just talk.
Musk himself, long critical of the government’s fiscal practices, hasn’t softened on the matter. He once told Time magazine, “I think the government is inherently not a good steward of capital,” leaving questions about how deep the cuts will go.
The real spending cuts won’t start until Musk crosses the Potomac to start cutting at the Pentagon.
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Key Takeaways
- Anthony Scaramucci, the 11-day White House Communications Director turned crypto-focused financier, have predicted a $200,000 BTC by year’s end.
- Musk’s DOGE Dividend suggests a bold plan to refund taxpayers $5k a piece by hacking down federal spending.
- The checks would require approval from Congress—an uphill battle given the current political climate.
The post Scaramucci Calls For $200K Bitcoin in 2025: DOGE 5000 Check Confirmed? appeared first on 99Bitcoins.
