The Dogecoin (Doge) community closely followed the developments in the US Department of Government Efficiency (DOGE) in recent months. However, Elon Musk’s latest statements ended the expectations that Dogecoin could take part in government projects. Musk said there was no plan for the use of Dogecoin in the work of the department.
Elon Musk made a description of Dogecoin
Elon Musk, known as the United States Government Productivity Department (Doge) figure, has rejected Diecoin’s rumors that he would be included in the operations of the department. Musk’s statement ended the speculation that Dogecoin will be used in government projects.
Speaking at the America Pac public meeting in Wisconsin on Sunday, Musk gave a clear response to the expectations on this issue, saying, “The government has no plan to use Dogecoin or anything else.” Musk also talked about the process of the name of the department, “I initially thought of calling the government productivity commission, but this was a very boring name. Internet, this should be the government of the Government Efficiency Department. I said ‘Internet is right,’ I said.
Doge price is depreciating
Musk’s statement weakens the hopes that Dogecoin can be officially used in Doga, while the crypto currency contributed to the rise trend that started in August. Following Musk’s latest statements, Doge lost 3.5 %value in the last 24 hours and followed a course parallel to the general decline tendency of the market.
On the other hand, the main mission of Doge is defined as making government expenditures more efficient and providing the best use of taxpayers’ money. The official department, which was officially operated in January, has reportedly saved approximately $ 130 billion. It is stated that this savings means an an average of 840 dollars of taxpayers per taxpayers.
Musk’s humorous approach about the department and his bond with the Dogcoin community created expectations among crypto currency investors. In fact, the day after Trump’s starting ceremony on the official website of the department, the appearance of the Dogecoin logo for a short time fueled rumors. However, with the latest statements, the possibility of Dogecoin’s use in government projects seems to be on the shelf for now.
