Could DOGE really help reduce the USA's colossal debt?

Donald Trump is back, and with him, a wind of renewal is blowing across the United States. While crypto enthusiasts are jubilant at the idea of ​​light regulation favoring Bitcoin and Dogecoin, others wonder if this new economic direction is not hiding a bluff. Between optimism and skepticism, the debate is igniting, notably with the creation of the Department of Government Effectiveness (DOGE) under the leadership of Elon Musk and Vivek Ramaswamy.

DOGE: an opportunity to reshape the American economy?

Donald Trump's return to the White House is accompanied bya bold innovation: the Department of Government Effectivenessnicknamed DOGE. Led by Elon Musk and Vivek Ramaswamythis entity aims to drastically reduce public spending and simplify bureaucracy.

Brian Armstrong, CEO of Coinbase, sees this a unique opportunity to redefine the American economy in favor of more freedom.

“ The Founding Fathers were brilliant, but they did not anticipate democratic budgetary excesses », Tweets Armstrong.

To remedy this, he suggests a constitutional reform limiting spending to 10% of GDP. A bold idea, but one that makes one cringe.

Some figures to understand:

• The American debt exceeds 34,000 billion dollars, or more than 120% of GDP;
• A possible spending cap at 10% of GDP would represent an unprecedented budget cut;
• Budgetary sovereignty with dividends for citizens could redistribute any surpluses.

DOGE therefore seems to crystallize reform ambitionsbut its proximity to Dogecoin, the famous memecoin, does not fail to make you smile – or cringe – depending on your sensibilities.

The crypto community between euphoria and caution

Crypto enthusiasts applaud wildly: Dogecoin price climbed to $0.39 after announcementreaching its highest level of the year. But behind this surge, mistrust persists. Musk, often accused of manipulating the price of cryptos, has already been the subject of prosecution – from which he emerged unscathed in 2022.

For investors, DOGE becomes a symbol. Coinbase sees in this project the possibility of returning the United States to a more responsible and innovative economyfertile ground for cryptos. Skeptics fear that this initiative is onlya facade to divert attention from structural problems.

The crypto community, like Americans, remains divided:

• Some believe in a future where Bitcoin and Dogecoin coexist with a lighter state;
• Others fear a speculative bubble fueled by the enthusiasm of Musk and Armstrong;
• The curious are watching from afar, waiting to see if DOGE will keep its promises.

We know that Elon Musk, with his eyes fixed on an American debt deemed “ unsustainable », seems to want to sound the alarm and stop the bleeding. By integrating this new department, he hopes to give hope to an economy in search of stability. Bets are on.