DOGE Ends, Bitcoin Begins? Musk and Saylor's July 4 Posts Fuel Speculation [View all]
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
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