Elon Musk’s ‘DOGE’ Discussion Drives Surge in Dogecoin Price 🚨🚨

Dogecoin (DOGE), the top meme cryptocurrency by market cap, has seen an 8.86% increase in the past 24 hours, climbing to $0.1634 following Elon Musk’s discussion of a proposed “Department of Government Efficiency” (DOGE) on the Joe Rogan Experience podcast. The conversation contributed to a broader trend for Dogecoin, which has surged 51% in the past 30 days, outperforming many major altcoins.

Musk’s Vision for the DOGE Department

During the podcast, Musk outlined his concept for the DOGE department as a solution to what he described as “stifling federal bureaucracy,” which he claims grows larger every year. Musk expressed concerns about overregulation, warning that unchecked government expansion could stifle innovation by creating an environment where almost everything is regulated. Musk has previously hinted at this idea in an interview with Tucker Carlson, describing the DOGE department as a “garbage collection” mechanism for unnecessary regulations. He envisions the department streamlining government oversight by removing policies that lack practical justification. In September, Musk announced that the Shiba Inu dog would serve as the mascot for this proposed department, further linking the concept to Dogecoin.

This recent surge in DOGE’s price aligns with Musk’s influential comments on the cryptocurrency and his broader vision for streamlined government efficiency.

$DOGE