Trump announces the first official names in his future administration. And guess who is among them?
The US Government's Department of Government Efficiency will make Elon Musk the godfather of DOGE. Musk influences Donald Trump's personal decisions.
According to multiple sources, Musk regularly visits Trump's Florida estate and actively participates in meetings with the president.
Elon Musk is a personal advisor to Donald Trump and is known to have close ties to the Trump family. He was present at the family photo on election night, chatted with Melania Trump over dinner, and spent the weekend playing golf with the Trump family.
Musk participated in at least two phone conversations between Trump and foreign leaders, including President Vladimir Zelensky and Turkish leader Erdogan. During one conversation with Zelensky, Trump even handed Musk his phone so he could communicate with Vladimir Zelensky.
I don't see any obstacles for DOGE to reach its desired tna dollar per coin, But that's not the most important thing, if the US assumes BITCOIN as a reserve of value, this currency will go to at least 300 thousand dollars, remember that BITCOIN is limited in number, as of today, November 13, 2024, there are approximately 19.78 million bitcoins in circulation. Since the total supply of Bitcoin is limited to 21 million, this means that there are around 1.22 million bitcoins left to be mined.
Other currencies will be approved as instruments of value. 2025 will be remembered as the year in which digital currencies multiplied their price, especially those that are institutionally recognized. This is only a few weeks away. It is not very difficult to know which currencies will be approved as a value by the Donald Trump government, the fate of the rest of the currencies is uncertain. We know what place BITCOIN will occupy in the Trump government, as for the ALTCOINs that are outside the top ten, we do not know their agenda, what is certain is that Elon Musk, by protecting DOGE, will be forced to defend the rest of the currencies.
It is important to know the US laws that regulate this matter, what is certain is that many people, if they are patient and disciplined, will probably make a lot of money in the first quarter of 2025. Putting part of the money in BITCOIN is a great idea, another in ETHEREUN and another in ALTCOINs like Uniswap, which is one of the most powerful cryptocurrencies for several reasons; the other coins that will most likely be assumed as a value will be Binance Coin (BNB), used in the Binance ecosystem, one of the largest cryptocurrency exchanges in the world. Solana (SOL) with considerable institutional interest. XRP (Ripple) although it will maintain its pyrrhic price, will end its controversy and strengthen its use by financial institutions for cross-border payments due to its speed and low transaction costs. The other will be Cardano (ADA). Dogecoin (DOGE) a coin that started as a joke, but has gained popularity and support, especially after the promotion by influential figures such as Elon Musk. Polkadot (DOT) – Not only do these cryptocurrencies have a high market cap, but they have also proven to be robust and reliable, thus attracting the interest and support of large institutions.
There are other coins that I will gladly mention in a future article. That's all for now. Until next time I meet my secret friends.
Jorge Ferrer
Bachelor of Business Administration