Musk Warns of Potential Drop in Dogecoin and Bitcoin Prices if ‘Doge Department’ Curbs Inflation
- Elon Musk’s DOGE initiative, which focuses on reducing government spending and combating inflation, might impact crypto prices significantly.
- A comment on X generated heated discussions on the platform, with some calling it an opportunity for buying and others questioning the nature of cryptocurrencies.
Elon Musk’s Department of Government Efficiency, named after the cryptocurrency Dogecoin (DOGE), may fire back at certain cryptocurrencies and their attractiveness in the market.
The D.O.G.E. unit will focus on reducing excessive government spending, implementing measures to combat inflation, and streamlining government operations to improve efficiency. Musk, together with Vivek Ramaswamy, will lead the…
