Trusted

Donald Trump Talks About Crypto, Bitcoin, and Elon Musk’s DOGE Role

2 mins
Updated by Harsh Notariya
Join our Trading Community on Telegram

In Brief

  • Trump talks about Department of Government Efficiency, led by Elon Musk, coinciding with Dogecoin’s ticker, DOGE.
  • He also advocates making the US a global hub for crypto, Bitcoin, and AI, embracing future industries.
  • Dogecoin sees a modest 2.53% rise following Musk’s potential role, trading at $0.098 amid renewed public interest.
  • promo

Donald Trump, the Republican presidential nominee, outlined a comprehensive strategy during a Thursday speech at the Economic Club of New York. His plan included a novel proposition involving Elon Musk.

The potential collaboration between Trump and Musk could mark a new chapter in governmental reform and innovation. By leveraging Musk’s expertise, this partnership might redefine federal operations and financial policies.

Trump Talks About Elon Musk’s DOGE Initiative

Trump proposed the creation of a Department of Government Efficiency (DOGE), humorously coinciding with the cryptocurrency Dogecoin’s ticker, DOGE. Musk has been tapped to lead this initiative and expressed his willingness to serve without compensation.

“I look forward to serving America if the opportunity arises. No pay, no title, no recognition is needed,” Musk said on X (Twitter).

Read more: How To Buy Dogecoin (DOGE) and Everything You Need To Know

In his wide-ranging address, Trump emphasized the need to rescind unspent funds from the Joe Biden era, which would significantly affect the clean-energy sector. He also suggested policies to deny mortgages to undocumented immigrants, framing these moves as necessary for financial rectitude and government efficiency.

Trump also laid out broader technological ambitions, including making the US the global hub for cryptocurrencies and advancing the artificial intelligence sector.

“Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and Bitcoin,” Trump asserted.

This statement signals a shift towards supporting digital assets in Trump’s potential administration.

Despite the attention this news received, it had a minimal impact on Dogecoin’s market value. The meme coin experienced a slight increase, trading at about $0.098—up 2.53% in the last 24 hours. This modest rise contrasts with the media coverage surrounding Musk’s potential governmental role.

Read more: How to Buy Dogecoin (DOGE) Anonymously: A Step-by-Step Guide

Dogecoin Price Performance
Dogecoin Price Performance. Source: BeInCrypto

Moreover, last week, Musk hinted at reintroducing Dogecoin as a payment option for Tesla merchandise, reigniting interest amidst his renewed support for the cryptocurrency.

In 2022, Musk and Tesla were embroiled in a lawsuit alleging a Dogecoin pump-and-dump scheme, which was also recently dismissed. This legal clearance may have rejuvenated Musk’s public endorsement of Dogecoin.

Top crypto projects in the US | October 2024
Coinbase Coinbase Explore
Coinrule Coinrule Explore
3Commas 3Commas Explore
Uphold Uphold Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | October 2024
Coinbase Coinbase Explore
Coinrule Coinrule Explore
3Commas 3Commas Explore
Uphold Uphold Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | October 2024

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Harsh.png
Harsh Notariya
Harsh Notariya is an Editorial Standards Lead at BeInCrypto, who also writes about various topics, including decentralized physical infrastructure networks (DePIN), tokenization, crypto airdrops, decentralized finance (DeFi), meme coins, and altcoins. Before joining BeInCrypto, he was a community consultant at Totality Corp, specializing in the metaverse and non-fungible tokens (NFTs). Additionally, Harsh was a blockchain content writer and researcher at Financial Funda, where he created...
READ FULL BIO
Sponsored
Sponsored