Frightening Predictions from DOGE Alan Elon Musk: History Also Made!

Tesla CEO and billionaire Elon Musk, who is especially known for his support of DOGE in the crypto money field, commented on the monetary policy of the USA. Musk pointed to the US Federal Reserve’s (FED) interest rate meeting, which will take place on December 13-14. Here are the details…

DOGE supporter Elon Musk tweets FED

Before the expected statements of the FED, billionaire Elon Musk made statements on the subject. SpaceX and Tesla CEO shared their comments on Twitter, which he owns. Fed shared his thoughts on rate hikes, recession and other things. First of all, Elon Musk said in an independent Twitter post that if the Fed raises the interest rate, there will be a chance of escalation of recession. “If the Fed raises interest rates again next week, the recession will drastically increase,” the post reads.

cryptocoin.com As we have also reported, Elon Musk introduced himself as the “Dogefather”, especially in the crypto community. He is a supporter of Dogecoin, a dog-themed cryptocurrency. Dogecoin price is currently trading at $0.096. It is trading between the $0.0813 support and the $0.112 resistance barrier. However, if Musk tweets about Dogecoin, it can cause volatility.

Musk pointed to 2024: What are economists saying?

Prior to that, Twitter’s new executive commented, in some cases, on the recession and the Fed’s policy on interest rates. According to media reports, Elon Musk, in his previous responses to some posts, said that the recession is likely to continue until the spring of 2024. Musk’s comments came with expectations that the FED will make some new statements next week. Some experts expect the Fed to increase interest rates.

Although there is no confirmation on this issue yet, there have been predictions in the international media for the last few weeks that the Fed may increase interest rates even more. In some media reports earlier, it was also mentioned that the rate of increase in interest rates by the FED could be reduced this time. This means that the FED may raise interest rates again, but the size of the rate hike may decrease. In one of its meetings, the Fed pointed out that there was little signal that inflation was easing. Forty-two economists responding to Bloomberg’s survey of the Fed rate estimate that the probability of a recession rises to 60 percent next year.

Michael Saylor replied

Meanwhile, Elon Musk’s tweet received a response from Michael Saylor, who is well-known to the Bitcoin community. Saylor is the former CEO of MicroStrategy, which has a large amount of Bitcoin (BTC) in its treasury. Saylor says that “the FED drives the entire global economy.” He states that the last five years have been like the “suicide mission” in Top Gun 2. The pandemic pointed to items such as the decline of the currency and the departure from reality.