April 4, 2025, 12:43 a.m.

Finance

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Making trouble again: Trump and Musk jointly launch "Dogecoin dividends"

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Former US President Donald Trump and Tesla CEO Elon Musk recently jointly announced an eye-catching plan: to issue "Dogecoin dividends" checks worth 5,000 yuan to all American citizens. This plan has not only caused an uproar in the financial world, but also aroused widespread heated discussions in public opinion.

According to Trump's team, the plan aims to stimulate the recovery of the US economy through cryptocurrency and enhance the financial participation and sense of gain of ordinary people. Trump said in a public speech: "This is a bold and innovative move. We will use Dogecoin, a popular cryptocurrency, to deliver tangible benefits to every American citizen."

Elon Musk expressed strong support for the plan on social media and called it "an important step in the integration of cryptocurrency with mainstream society." Musk said: "Dogecoin, as a decentralized digital currency, has a broad mass base. Through this dividend distribution, we hope to make more people understand and accept cryptocurrencies." Trump further explained the original intention of the plan: "In the current economic situation, we need to take unconventional measures to stimulate economic growth. Dogecoin is not only a popular cryptocurrency, but also a tool that can circulate quickly and drive consumption. I believe this plan will inject new vitality into the US economy." Although the plan has been vigorously promoted by Trump and Musk, financial experts hold different views on it. Some experts believe that distributing dividends through cryptocurrency is an innovative attempt, which is expected to promote the popularization and application of digital currency. However, some experts also pointed out that Dogecoin, as a cryptocurrency with large price fluctuations, has a high investment risk. James Smith, a professor of finance at New York University, said: "It is indeed an unprecedented attempt to distribute Dogecoin as dividends to the public. But considering the high uncertainty of Dogecoin prices, this plan may bring certain financial risks. After receiving dividends, the public should be cautious and plan reasonably." The plan has caused a strong response in society. Many Dogecoin holders welcomed the plan and believed that it was an important milestone for Dogecoin to go mainstream. Some people also said that exposure to cryptocurrencies in this way can increase their understanding and participation in the digital economy.

However, some people have expressed concerns about the plan. They worry that the fluctuations in the price of Dogecoin may lead to uncertainty in actual returns and may even lead to economic losses. In addition, some people are skeptical about the security of cryptocurrencies and worry that personal information and financial security may be at risk.

Although the plan is still in the preparation stage, it has already attracted widespread attention and discussion. If implemented smoothly, this will be a major breakthrough in the application of cryptocurrency in mainstream society. In the future, Trump and Musk's team will continue to work with financial regulators to ensure the smooth implementation of the plan and maximize the interests of the people.

At the same time, experts also advise people to remain rational when participating in the plan, have a deep understanding of the cryptocurrency market, be cautious about the investment risks of Dogecoin, and plan asset allocation rationally.

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