#ElonMuskDOGEDeparture Elon Musk has announced his official departure from the Department of Government Efficiency (DOGE) of the Trump administration. His role, which was that of "special government employee," had a limit of 130 days, and his time in office has come to an end.
Experts like Scott Galloway from New York University suggest that Musk's involvement in this political arena has had a negative impact on the Tesla brand, alienating a customer base that does not align with his political stances. Furthermore, it is criticized that the spending cuts implemented by DOGE have led to more litigation and not the significant savings that were promised.
Regarding Dogecoin (DOGE), its relationship with Elon Musk has been rather anecdotal and has been used as a thermometer of the magnate's mood. Experts warn that the excessive dependence on a single figure for a cryptocurrency is a sign of fragility and volatility. Musk's departure from the "DOGE" government does not have a direct impact on the Dogecoin cryptocurrency, although the confusion over the similar acronym has generated comments.