Musk becomes Minister of Government Efficiency (DOGE), will DOGE plummet in the future?
Difficult task: More than half of the US government's federal budget is made up of social security, Medicare, military spending and federal debt interest, and these projects are either Trump promised not to cut or very difficult to cut.
Musk has a very difficult task to cut $2 trillion in government spending without affecting these key areas.
Legal restrictions: Even if Congress does not approve spending cuts, Trump and Musk can try to use administrative means to recover spending approved by Congress, but this may be restricted by law.
Musk pointed out that the reduction of government agencies requires that they must follow the content authorized by Congress, rather than everything else they are doing.
It can be said that DOGE has already put a huge amount at this position, indicating that the sentiment has basically reached the extreme. If it cannot be stabilized at the 0.4 position, a plunge is estimated to be inevitable!
But in the long run, as long as Musk will continue to expose DOEG, there will be room for follow-up, and it is very likely to reach the previous high of 0.74 or even break through $1. It is just that it is not cost-effective to participate at present!
