Elon Musk suggests that if Donald Trump does not win in November, it may be his final campaign. This comes alongside a significant surge in the memecoin, “US Government Efficiency Committee” (DOGE), which skyrocketed over 33,000% from its September lows before retreating to $0.01989.
Musk asserts, “Few Americans realise this could be Trump's last election.” He raises concerns about the Biden-Harris administration’s handling of immigration in key swing states, which he believes could influence election outcomes.
Musk has indicated a willingness to join the proposed government efficiency committee suggested by Trump.
During discussions on job cuts at Tesla, Trump praised Musk, stating, “You are the best layoff artist. I need someone like you—powerful, courageous, and wise.” Trump has promised that if re-elected, Musk will lead the proposed efficiency committee.
Musk currently oversees Twitter (now X), Tesla, and SpaceX.
Read more: Musk’s latest post publicly supports Trump and Dogecoin, triggering another wave of Dogecoin craze
Over the weekend, the DOGE memecoin reached a high of $0.028, reflecting a remarkable rise of over 33,000% compared to September's lows.
Source: CoinMarketCap
Following the passing of Kabosu, the original Shiba Inu mascot, its owner announced a new family member, Neiro, which has contributed to a monthly surge of over 16% in the NEIRO Ethereum token.
Source: CoinMarketCap
Read more: DOGE Soars 8.10% After Musk's Playful Dig and Surge in Whale Activity
JPMorgan CEO Jamie Dimon, known for his scepticism towards Bitcoin, recently endorsed Musk’s committee idea during an interview at an investor summit in India. He stressed the need for accountability and operational efficiency within the U.S. government, echoing Musk's vision.
Dimon emphasised the importance of scrutinising taxpayer funds, aligning with the committee's goals to audit federal spending and reduce waste. “We need to do this,” he stated, indicating that other nations might also benefit from similar reforms.
The intertwining of cryptocurrency with political narratives raises concerns about speculative bubbles and the integrity of financial systems.
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Weiliang李一舟博士AI课程被下架，涉非法经营风波，社会反响大，但仍有再战江湖机会。
Alex