Bill Gates on Dogecoin: Potential for Financial Efficiency Amid Political Skepticism

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Bill Gates has expressed a nuanced view on Dogecoin (DOGE), particularly in the context of Elon Musk's involvement and fiscal strategies. Gates acknowledges that DOGE could be a valuable asset if it helps in curbing government debt and improving efficiency in areas such as defense, health care, and pensions. He supports Musk's fiscal approach, which includes cost-cutting measures and a focus on reducing the federal deficit.

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However, Gates has also criticized Musk's political actions, labeling them as "insane sh*t" and "populist stirring," especially in foreign countries like Europe. Despite these criticisms, Gates has publicly endorsed Musk's vision for Dogecoin, calling it a "good idea" and expressing support for the cost-cutting plans associated with it.

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Gates' overall stance is that while he sees potential in DOGE as a tool for financial efficiency, he is wary of the broader implications and skeptical of the political motivations behind Musk's actions.