Elon Musk has garnered significant popularity in the ongoing US elections. Musk has been noted for promoting former US president Donald Trump and propagating the narrative that Trumpās win is critical for US democracy and the nationās integrity on a global level.
At the same time, Trump has also shown his adoration for Musk by promising him a cabinet role, adding that the former president would not mind and would deliver Musk a cabinet role if he won the US elections. If this happens, the development could be a game changer for US politics and crypto.
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Can Muskās Political Stint Impact DOGE?
David Gokhshtein revealed that he wouldnāt be surprised if Elon Musk decides to make Dogecoin the crypto of the space economy.
Elon Musk is known for many things, but most importantly, the Tesla chief is known to be an avid proponent of Bitcoin. Dogecoin has often seen incredible price pumps due to Muskās impromptu mentions of DOGE on several occasions.
In one of his earlier interviews, Musk shared how Tesla may soon welcome DOGE payments, adding more momentum to the crypto in general.
However, Muskās adoration for the token does not end there. The Tesla chief had earlier mentioned that his role would be headlined as the Department of Government Efficiency, or DOGE. This development has sparked speculations on whether the token will play an elemental role if he ever assumes a cabinet role.
Muskās cabinet stint has lately taken social media by storm, with Trump promising him a leading political role that involves strict budgeting and planning.
āYou think we can rip off this wasted $6.5 trillion Biden budget? Well, I think we can do at least $2 trillion. Yeah, yes, two trillion. At the end of the day, youāre being taxed; youāre being taxedāall government spending is taxation.ā
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ChatGPT Predicts Dogecoinās Price If Elon Musk Assumes A Cabinet Role
ChatGPT, the noteworthy AI, has predicted Dogecoinās price path and pedestal in this wake. The AI predicted that DOGE may breach markers if Musk takes on a cabinet role. Firstly, DOGE may hit the $0.50 to $0.70 range based on instant hype and FOMO.
If Musk manages to tweak crypto policies, DOGE could easily trade beyond the $1 price range. Broader market conditions may also greatly impact Dogcoinās price in the near future.
Image: ChatGPT
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