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BTC $62,993.73 +0.00%
ETH $1,878.84 +0.01%
BNB $604.50 -1.00%
XRP $1.00 -0.05%
SOL $75.34 +0.24%
TRX $0.3308 -0.40%
DOGE $0.0698 -0.24%
ADA $0.1777 -0.58%
BCH $203.44 -1.15%
LINK $9.38 +0.68%
HYPE $57.34 +1.88%
AAVE $85.95 -0.68%
SUI $0.6766 -0.77%
XLM $0.1567 -0.85%
ZEC $487.51 -0.37%

Musk: "DOGE dividends" will not trigger inflation because the funds come entirely from spending cuts

2025-02-20 12:58:57

ChainCatcher news, according to Jinshi reports, Musk stated that "DOGE dividends" will not trigger inflation, as the funds come entirely from spending cuts, and the beneficiaries are mostly taxpayers with a tendency to save. His goal of cutting $2 trillion in federal spending is the "most ideal outcome."

Previous news, Trump mentioned considering distributing 20% of the funds saved from DOGE to Americans, with 20% used for debt repayment.

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