The leak reveals that Doug Musk may be on the cusp of a Bitcoin-inspired price game changer

Elon Musk, the Tesla billionaire who leads US President Donald Trump’s government efficiency administration, He’s no stranger to bitcoin, cryptocurrencies and blockchain – his social media platform X is poised to blow up the price of bitcoin.

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The price of Bitcoin has skyrocketed over the past year. This was helped by Trump’s election victory and Wall Street’s embracen and Musk declares a “financial emergency.”

now, As Trump’s shocking plans for cryptocurrencies suddenly appeara leak revealed that Musk may be planning to use bitcoin-inspired blockchain technology to power his Doge division.

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Forbes‘Pivotal Moment’ – Coinbase CEO Predicts When Bitcoin Price Could Upend $18 Trillion Gold Priceby Billy Bambrough

musk, Who was appointed to lead Doge’s ministry by Trump transition team leader Howard Lutnick before Lutnick was named Commerce Secretaryhad discussions about using blockchain technology that stabilizes Bitcoin and other cryptocurrencies to save money, and that was I mentioned by Bloombergciting anonymous sources.

People close to Musk told the financial news outlet that there has been talk of using blockchain to track federal spending, secure data, make payments and manage buildings.

It’s not clear whether Musk plans to use an existing blockchain, such as Bitcoin, Ethereum, Dogecoin, or one of the thousands of smaller blockchains that have their own cryptocurrencies, or whether he would prefer to create a new blockchain designed for this purpose.

Following Musk’s acquisition of Twitter, which he then renamed to X, Musk also discussed using adding blockchain technology to the platform before throwing out the idea of ​​text messages between Musk and his brother Kimbal. open In 2022.

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ForbesThe hidden Fed dollar crisis is expected to lead to a surge in Bitcoin prices to rival goldby Billy Bambrough

The Doge section is a reference to the shiba inu doge meme that is also linked to the cryptocurrency dogecoin, which Elon Musk has called his “favorite” cryptocurrency and has been accepted as payment by his car company Tesla.

The price of Dogecoin has skyrocketed following Trump’s election victory, rising alongside the price of Bitcoin, as traders bet that Musk’s proximity to the US president will further boost the meme-based cryptocurrency.

This week, Trump made good on his campaign promise to make cryptocurrency policy reform one of his administration’s priorities, ordering the creation of a cryptocurrency working group tasked with proposing new regulations and exploring the creation of a national cryptocurrency stockpile.

The Trump administration’s cryptocurrency and AI czar, venture capitalist David Sachs, will chair the group, with Trump praising Sachs – an early investor in Ethereum rival Solana – who later heaped praise on the group. He said Fox Business Trump’s actions showed that he is making good on his promise to make the United States the “crypto capital” of the world, something Trump also told attendees at the World Economic Forum in Davos.