Musk knows how to get attention, and the whole D.O.G.E thing isn't an exception. The whole idea of a Department of Government Efficiency sounded just like one of his eccentricities but ingenious in its simplicity.
Tying a governmental entity to the very same principles as that of a corporate one, rewards for those who perform and consequences for those who don't is definitely something you didn't hear too much about in politics. And I think that's why it resonates with people like me who are tired of inefficiency in government.
But slap DOGE on it, and you can bet your bottom dollar that something's going to get moving in crypto land. It's wild to witness how the mere hint from Musk at a town hall sends Dogecoin (a meme coin) 7% up. Over 5 billion tokens in open futures bets. And people are betting big on this idea, whether it's credible or not.
I wonder if this is just another one of Musk playing the longest of long games or if it's just another flash-in-the-pan moment. Regardless, to Dogecoin holders, this could be one of those defining moments when or if Trump wins the presidency and D.O.G.E actually does come to pass. Maybe DOGE ends up actually being more than just a meme.