The day DOGE ended was the day to stop believing the myth that future returns of Bitcoin will be less than historical returns.
At that moment, the debt crisis became terminal.
The below chart captures well where I believe we are with Bitcoin & where we go from here.
At that moment, the debt crisis became terminal.
The below chart captures well where I believe we are with Bitcoin & where we go from here.
David Friedberg explains why the day DOGE ended was the day that China won
"There was a moment after the [2024] election when there was this idea of DOGE, this idea that government spending would be reduced, which I believe fundamentally would have affected the cost of living. They wash that point away. I do think it is the fundamental driver on the cost of living is government spending. The more the government spends, the more expensive things get. I believe that."
"We can go through the analysis on what happened in France. Government spending as a percent of GDP is one metric. How many people are employed or depend on government checks is another metric. But if the government's involved in more of the economy, things get more expensive."
"When DOGE was coming around, the idea of DOGE, the idea of government efficiency, the idea of making sure that every dollar spent by the government has a positive ROI for the people was a great idea."
"We visited D.C. in March of 2025, and we visited Elon and we talked about DOGE and he was struggling. It was pretty clear he was struggling not just internally, but with Congress and with the public perception of what was being done there."
"I came away from that visit in March of 2025, where I also met with multiple members of Congress on that visit, Republicans and Democrats who did not give a sh*t about improving government spending efficiency, did not care about the total government spending as a percent of GDP. It was not a priority."
"On June 5th of 2025, Elon left and it was the end of DOGE. I said, 'China just won' because to me at that moment, this administration ended that effort was the day that it was clear that we were going to have a runaway cost of living and a challenge for progress for the majority of Americans."
"The end result of that is voting in more of these socialist principles, socialist policies, socialist politicians."View quoted post on X
