Elon Musk to head up new White House office called D.O.G.E. 🐶 Not only is it a play on Dogecoin, but it's also an acronym for the Department of Government Efficiency. Musk, known for his ideas, could help reduce Washington's overspending and slow inflation, which could impact the crypto market.

Musk warns that lower inflation could be a drag on Bitcoin prices. If dollar inflation is addressed, cryptocurrency prices in dollars could decline. 💸