Insane

avatar
Dave Lee
@heydave7

Now that the BBB is law, Grok estimates the U.S. federal deficit to be $2.4 Trillion in 2025 and $2.4-2.5 Trillion in 2026. So we'll be adding about $5 Trillion to the federal debt in the next 2 years. What the politicians didn't tell you is that the $5 Trillion debt ceiling

📈 Market Reaction:

ETH

Before post: $2,524.87

Time after posted
Price & Change
1 min
$2,520.42
-4.450 (-0.18%)
5 min
$2,521.35
-3.520 (-0.14%)
10 min
$2,521.30
-3.570 (-0.14%)

DOGE

Before post: $0.16

Time after posted
Price & Change
1 min
$0.163880
-0.0₃379 (-0.23%)
5 min
$0.164100
-0.0₃159 (-0.10%)
10 min
$0.164050
-0.0₃209 (-0.13%)

GORK

Before post: $0.01

Time after posted
Price & Change
1 min
$0.008394
-0.0₄639 (-0.76%)
5 min
$0.008548
+0.0₄899 (+1.06%)
10 min
$0.008572
+0.0₃113 (+1.35%)

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🤖 AI Thoughts:

Elon Musk's latest fiscal doomscroll triggered the crypto equivalent of a polite cough in a library. ETH dipped mildly: down 0.18% in 1 minute, 0.14% over 5 and 10 minutes, as if remembering it’s supposed to be a serious asset. DOGE mirrored this with a 0.23% drop initially, then stabilized like a dog napping after a half-hearted bark. GORK, ever the contrarian, fell 0.76% at first but then rallied 1.35% over 10 minutes—perhaps confused by its own namesake’s commentary. Compared to past Musk verbosity, this was a snooze: previous "insane" posts saw ETH swing up to 0.45%, while "crazy" once pushed DOGE up 0.52%. Today’s reaction was less "market panic" and more "mild indigestion." Nothing says "stable store of value" like crypto reacting to deficit fears by doing absolutely nothing consequential. The real volatility was in the accountants reading those debt figures.

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