DOGE Ends, Bitcoin Begins? Musk and Saylor's July 4 Posts Fuel Speculation
Source: Yahoo! Finance
Sat, July 4, 2026 at 2:53 PM EDT
The Department of Government Efficiency (DOGE) officially ended on July 4, the sunset date written into President Donald Trump's January 2025 executive order. Posts from Elon Musk and Michael Saylor quickly fueled speculation that Bitcoin (BTC) inherits the reform story.
Musk, DOGE's former co-leader, marked Independence Day with a patriotic video montage instead of a farewell to the program. Meanwhile, MicroStrategy's executive chairman answered him with one loaded line.
DOGE Ends With No Report and No Farewell
Trump's January 2025 executive order created DOGE as a temporary organization. It set termination for July 4, 2026, America's 250th birthday.The program barely made it that far. DOGE had already collapsed as a centralized body last November, months ahead of schedule. Its public savings tracker went silent after January 1.
The commission claimed $215 billion in savings, about $1,335 per taxpayer by its own math. That equals roughly 3% of one year's $7 trillion federal budget, and a fraction of the $2 trillion Musk pitched in October 2024. Office of Management and Budget Director Russ Vought told lawmakers this week that no closing report is planned, Politico reported.
Read more: https://finance.yahoo.com/markets/crypto/articles/doge-ends-bitcoin-begins-musk-185323957.html
fujiyamasan
(2,214 posts)He basically runs a Ponzi scheme. Lost billions during the dot com bubble. Had to restate earnings becuase of shady accounting. Eventually made Microstrategy a bitcoin treasury company and eventually rebranded it Strategy.
The stock is like a cult, but has even less fundamental value than say Tesla or spacex.
muriel_volestrangler
(106,978 posts)to write a fake news article promoting Saylor. All Saylor did was tweet "We can still make something Better", using the bitcoin symbol for the 'B'. That's it.
He's clearly practised at self-promotion. He's clamped himself onto a pretty boring "news" story (which is "DOGE officially ended today, though no one did anything to mark it" ) like a remora on a dying shark.
fujiyamasan
(2,214 posts)Hes a very adept grifter, similar to Trump in that regard.
I would very much like to see that company go down. I went through my own (thankfully) short term interest with Bitcoin and crypto. I dont think Ill touch it again. I can stomach some volatility, but ultimately theres no product or service so pricing this is ultimately just greater fool theory at work. Granted that seems like most of the market now.
3Hotdogs
(15,790 posts)"If you don't understand it, don't invest in it."
Well, my poor head couldn't get wrapped around it so I let it go.
Fuck. I could'a been a billionaire today.
Old Crank
(7,457 posts)I'm not getting my $2000 DOGE check?
I have a sun awning to install and could use the cash. Disapointed.
Bengus81
(10,645 posts)Eh..fooled the MAGOTS...........AGAIN
Did you frivolously spend your Soros check?
Baitball Blogger
(52,947 posts)It put an end to the investigations that would have stopped or slowed down Elon Musk from running rough shod over us.
Lonestarblue
(13,670 posts)Musk claimed savings but analyses months ago showed that many of those savings were from contracts already cancelled or fulfilled, double counting of savings, and the many government employees who were hired back because they were needed. I doubt there were any significant savings, and all media needs to be more honest in refuting such claims.
BumRushDaShow
(174,005 posts)The Independent eventually bubbled up their own article on their main page after I posted the OP one -
DOGE officially ended on July 4 as agencies push to hire jobs lost under Elon Musks cuts
(many media articles are not linked to on their main front pages until hours or even days after the purported publication date/timestamp)
Callie1979
(1,523 posts)Far too volatile to ever be considered as "currency"
Imagine selling a house for 1 BTC in OCT '26 for 125k. You keep it as crypto & now it's worth HALF that. UNLESS, you immediately converted it into the currency you claim is "obsolete"
BUT since the trump family is in it I expect something to be done to pump up the price.
Will it ever hit the "500k" prediction Saylor has made more than once? No. And how do I know this? Simple; I own some!
mdbl
(9,043 posts)snot
(11,959 posts)despite having advertised that it would do so and the fact that the Pentagon has failed EIGHT audits in a row.