Many coin enthusiasts have known DOGE for a long time. It is the cryptocurrency invested by Musk.
President-elect Donald Trump has announced the creation of a "Department of Government Efficiency" (DOGE) and has put Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy in charge of cost-cutting federal spending. Musk will surely be the biggest beneficiary. But what about Trump's?
What is the Department of Government Efficiency (DOGE)?
Trump created the Department of Government Efficiency (DOGE) to "cut excessive regulation, reduce wasteful spending, and reorganize federal agencies." It's not a formal government department, but Musk and Ramaswamy will provide advice on areas that need improvement.
Musk's influence is not limited to cost-cutting rhetoric; he mentioned on Twitter that he hopes to reduce federal agencies from over 400 to 99. This aligns with Trump's broader goal of making the U.S. a leader in cryptocurrency and government efficiency.
Can Bitcoin benefit from political changes?
Bitcoin and cryptocurrencies are expected to benefit from Trump's pro-crypto stance and institutional actions like DOGE. As governments explore the application of blockchain to improve efficiency, the increasing popularity of Bitcoin may usher in new momentum.
Trump Effect Meme Coin
AGAIN (Make America Great Again) and MAGA (Make America Great Again) are also slogans frequently shouted by Trump. MAGA is named after Trump's hat. The teams behind these two cryptocurrencies have not been clearly disclosed. They are in the early stages of issuance, with prices at 0.000004153 and 0.00006430, offering huge growth potential.
