Bitcoin and crypto prices have increased, Climbing despite the fears of “price removal” and an austere JPMorgan warning.
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The price of Bitcoin increased to $ 100,000 per Bitcoin, bouncing after falling to just over $ 90,000 –Something that some fears could announce a serious stock market market warning.
NOW, After Elon Musk was launched a “fixing” Bitcoin to questions on gold reserves in the United StatesMusk has confirmed that US President Donald Trump supports the idea of sending Dogement of Government Efficient Dogendes to American taxpayers – potentially increasing the Bitcoin Prize.
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President Donald Trump told Elon Musk that he supported the idea of delivering a so-called dividend Doge … (+)
“I spoke to the president and he supports (the idea)”, who directs the Doge Department of Government Efficient, said The Conservative Political Action Conference (CPAC).
“It seems that it is something we are going to do,” added Musk. Earlier this week, Trump said He plans “a new concept where we give 20% of Savings Doge to American citizens and 20% go to the reduction of debt.”
Musk, who brought the Doges to shake the costs on the American federal government after Trump returned to the White House, seized the idea of sending a Dogende Dogende check to American taxpayers after being launched by X by investor James Fishback.
“President Trump and Elon Musk should announce a dividend Dogende ” – a tax reimbursement check sent to each taxpayer, funded exclusively with part of the total savings delivered by DOGE,” posted fishback alongside ‘A document describing its plan for households to receive $ 5,000 to receive $ 5,000 to receive $ 5,000 to receive $ 5,000 to receive $ 5,000 to receive $ 5,000 each if Doge has achieved its ambitious objective of cutting 2 billions of dollars from public spending.
“If you buy Bitcoin with your recovery check of $ 1,200 on April 15, 2020, this is worth about $ 17,315 today, February 20, 2025”, YouTuber Ryan Matta poster to X. “This reflects an increase of approximately 1,343%. What will you do with the first Doge check for $ 5,000?”
In 2020 and 2021, government recovery checks flooded the economy in cash, sending American debts in a spiral and helping to send inflation to summits of several decades while people used checks to pump the price of the Bitcoin and other cryptocurrencies that have progressed at all times.
However, DOGE – or a DOGE dividend – cannot have a similar effect on the price of the price of bitcoin and crypto as recovery checks did in 2020.
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The Bitcoin Prize has resumed its rally, backing to $ 100,000 per bitcoin as a musk and … (+)
“The market is not in the same place that the last time the government has distributed standard checks,” said Mati Greenspan, Managing Director of the Quantum Economics consulting company.
“Pre-hyperinflation, everyone was hunting and that additional money came as an additional disposable income, so people made the logical decision to buy bitcoin to protect themselves from inflation coming. Nowadays, many people find it difficult to close the month, and therefore any additional income will likely pay the bills and buy grocery products. »»
Greenspan predicted that some people would use DOGE checks to buy bitcoin or other cryptocurrencies, but, due to the influx of institutional money that the bitcoin and crypto market has known in the past two years, it would be less impact.
“Some will use it to invest or even play, without a doubt, but it is probably not enough to move prices in an industry which is increasingly dominated by major institutional flows,” said Greenspan, adding that ‘He would opt to put a Dogecoin dividend – the Bitcoin rival which lent his name to the Department of Reduction of Musk costs.
“Personally, if Doge hands me a check, I will use it to buy Dogecoin. The only same, who managed to occupy the United States government and affect a positive change. »»