US Government Saves $250 Million? 'Dogecoin Bureau' Takes Action, Wasted Contracts Terminated, Wall Street Should Be Alert!

Recently, a move by the US government has caused a sensation in the coin circle! The US Department of Efficiency (DOGE) (yes, you read that right, it's DOGE, not the dogecoin, but still jaw-dropping) announced that in the past two days, 35 institutions have joined forces to cut 199 contracts, saving a direct $250 million!

When we take a closer look at the cut agreements, we can't help but gasp - including "providing the Asia-Pacific Forestry Bureau with the coordinated services of climate change mitigation, adaptation and resilience in Sri Lanka" and "cross-cultural communication, diversity, dialogue circle, cross-difference communication" seminar.

Here comes the question: Why is the US government suddenly so 'efficient'? How should the currency circle interpret it? Will Wall Street panic?

1. This money is saved not simply, is the US government playing a big game?

Over the past few years, the US government has been printing money like crazy, with fiscal deficits hitting new highs. Now, suddenly 'cutting back,' does it mean that a fiscal crisis is imminent?

Let's go over the background:
• By the end of 2023, the US government's debt will exceed $34 trillion, and the Biden administration continues to borrow to make ends meet, putting financial pressure on the Federal Reserve.
In 2024, the Fed will remain unchanged and try to slowly reduce inflation without causing a crash, and the reduction of government spending is a key strategy for them.
• This time, cutting 199 contracts directly, although saving $250 million is just a drop in the bucket for the U.S. government's massive deficit, it may be a signal that the government is making significant adjustments to the budget to pave the way for future financial policies.

2. Is the US government really 'broke'? What does this mean for the cryptocurrency circle?

The decision to "cut contracts" this time reveals a dangerous signal: the U.S. government may be preparing for a financial crisis!
Against the backdrop of tight finances, if the Federal Reserve chooses to "print money to save the market" again, it means that more dollars will flow into the market, causing inflation. In this case, cryptocurrencies such as Bitcoin and Ethereum may become the best hedging tools.

Looking back at history, every time the US government faces a fiscal deficit, the cryptocurrency market tends to see a surge:
✅ In 2020, the epidemic was released massively, and BTC rose from $4000 to $69,000!
✅ By the end of 2022, the Federal Reserve slowed down interest rate hikes, and BTC rebounded from $15,000 to $30,000!
✅ The wave of US bank failures in 2023, BTC once exceeded $50,000!

If this government's fiscal adjustment turns out to be a new round of monetary easing, money may flow to the crypto market again!

3. What is the secret of the name "DOGE"? A metaphor for the crypto market?

When people in the cryptocurrency community see the name "DOGE", their first reaction is, of course, Dogecoin. Although here DOGE refers to the "Department of Government Efficiency", this coincidence is too dramatic, making people can't help but ponder:

1️⃣ Wall Street + Government vs. Web3?
• The government's initiative to cut the budget this time is ostensibly to "streamline finances", but will it be a signal to return the market to decentralization and reduce over-reliance on the government?
• If the government spends less, it means that the economic policy will be more "free and market-oriented", which is good for a decentralized financial instrument like Bitcoin!

2️⃣ The nominal irony of "DOGE": Decentralization is the efficiency revolution?
Ironically, DOGE represents "government efficiency," but Dogecoin, as the earliest meme coin in the crypto market, symbolizes decentralized free economy.
• The U.S. government's "contract cut" to save money this time coincides with Bitcoin's anarchist philosophy in part — perhaps the government also realizes that it may be more effective to leave certain things to the market to regulate itself than to spend money to maintain a semblance of order.

4. The potential impact of this move on the cryptocurrency circle.

🔹 In the short term, the market may not react immediately, but big money on Wall Street will definitely be alert. Reducing government spending means that finances may face difficulties and debt problems could erupt at any time.

🔹 In the long run, if the Federal Reserve reactivates the "quantitative easing" policy (i.e., printing money to rescue the market), the market will see more liquidity, and cryptocurrency assets may see the prelude to a bull market.

🔹 For cryptocurrency investors, this may be an important layout signal!
✅ Bitcoin & Ethereum and other mainstream currencies may become safe-haven assets for institutional funds in the future.
✅ Decentralized finance (DeFi) will usher in new opportunities, traditional finance is shrinking, and DeFi may become a key track for capital flow.
✅ Meme culture is still strong, DOGE and SHIB may be hyped up again due to this news.

Conclusion: Be cautious of government signals and seize the opportunity of a bull market!

This time the US government cutting contracts, reducing budgets, and DOGE (Efficiency Department) taking action, actually sent a clear signal to the market - fiscal policy is being fine-tuned, and the liquidity of the US dollar may reach a turning point.

As investors in the cryptocurrency market, we must maintain a keen sense of smell and take early positions instead of chasing after the market hype.

👉 Do you think the US government's budget cuts will affect the pace of the Bitcoin bull market?
👉 Will Dogecoin (DOGE) skyrocket again because of this news?

See the comments section and discuss your opinions! #币圈观察员