Elon Musk and the $5,000 DOGE Check? What Could Go Wrong? 😜

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Elon Musk and the $5,000 DOGE Check? What Could Go Wrong? 😜

Elon Musk and the $5,000 DOGE Check? What Could Go Wrong? 😜

Omg, has anyone checked on Dogecoin lately? It’s like it crashed its meme-driven car into a ditch this year. 📉😂 The once-upon-a-time darling of crypto is down by double digits, as investors sit around waiting for *something* to happen. And guess who might be the knight in shining… um, Tesla? Elon Musk, of course, mulling the idea of $5,000 DOGE-flavored stimulus checks. Yep, you heard me.

Can $5,000 Checks Save DOGE? Or Is This Just Another Meme? 🤔

So, here’s the tea. Elon and his crew at DOGE, aka the Department of Government Efficiency (yes, that’s apparently a thing now), think they’ve saved taxpayers a jaw-dropping $50 billion. Because, obviously, Musk is not just a billionaire — he’s *our* billionaire. Treasury Secretary Scott Bessent went on to say they could save *trillions* (cue the Dr. Evil cackle), and James Fishback, some executive chap in America, chimed in with this genius idea: Why not sprinkle those savings back to the taxpayers like fairy dust? ✨

His suggestion? Something called a “DOGE Dividend” — “funded exclusively with a portion of the savings.” Umm, can we just pause to admire the marketing genius here? 🤷‍♀️ Fishback added:

“President Trump and Elon Musk should announce a ‘DOGE Dividend’ — a tax refund check sent to every taxpayer.”

And guess what? Elon responded, saying he’ll chat with the president about it. Classic Musk. 👀 Stimulus checks could totally pump crypto again, à la 2020 and 2021, when free money = Bitcoin and DOGE mooning. 🚀 But, um, minor hiccup: inflation might throw a hissy fit, and Bloomberg reported that *actual* savings are closer to $16 billion. Not $50 billion. Definitely not $2 trillion. 😅 Ouch.

DOGE Price Analysis: Ew, Are We Done Crashing Yet? 📉

If you’re still clinging to DOGE like it’s your childhood blanket, here’s some potentially hopeful news. Chart nerds are saying Dogecoin could bounce back. 🙌 It’s been in a nose dive, dropping from a high of $0.4842 (November) to a meh $0.2 this year. But here’s the plot twist: this technical thing called a break-and-retest pattern apparently spells bullish vibes. 🐂

We’re currently stuck in an Elliot Wave’s fourth wave — the corrective one (don’t fall asleep yet, we’re nearly done) — and rumor has it, the fifth wave could be a moonshot. 🚀 A bounce to last year’s high of $0.48? That’s a ~90% surge. Cha-ching. 💸 But, plot twist: any drop below $0.20, and it’s all doom and gloom for DOGE. Deploy tissues. 😂

So, what’s the moral of the story? DOGE might rise again, or it could just hang out in meme purgatory. Either way, keep your popcorn handy, and maybe your doge memes too. 🐶✨

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2025-02-19 23:39