Elon Musk, often touted as the mercurial CEO of Tesla and SpaceEx, took the internet by storm as he announced his first political stint. Musk took to X to share the official statement issued by Trump, crowning him as the Head of Government Efficiency or DOGE alongside Vivek Ramaswamy. Together, Musk and Ramaswamy will be responsible for liberating the US economy from the shackles of debt and unnecessary expenses, all while trying to reshape America’s future.

Also Read: Dogecoin: Trump Appoints Elon Musk for Role In D.O.G.E Bureaucracy

Musk Officially Appointed By Trump As Head Of DOGE

Elon Musk has unveiled an official announcement of Trump that crowns him as the Head of the Department of Government Efficiency, or DOGE. Musk will be carrying out strict budgeting duties, involving slashing unnecessary government expenses and regulations to stabilize the American legacy.

“I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (“DOGE”). Together, these two wonderful Americans will pave the way for my administration to dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies—essential to the “Save America” movement.”

Speaking about it in detail, the statement adds how the aforementioned department will partner with the White House to deliver the right guidance and support to the government.

“To drive this kind of drastic change, the Department of Government Efficiency will provide advice and guidance from outside of government and will partner with the White House and Office of Management & Budget to drive large-scale structural reform and create an entrepreneurial approach to government never seen before.”

Musk’s appointment is set to impact the world of stocks and cryptocurrencies due to his close links with both domains. His political stint has already started to show effect, as Dogecoin, Musk’s favorite crypto coin, has already risen 20%, reflecting the new political change.

Also Read: Trump’s Crypto Talks: Bright Future Ahead for the Market?

AI Predicts BTC Price As Tesla CEO Assumes His New Political Role

As per AI, Bitcoin’s price may range anywhere between $78000 and $90000 as SpaceEx CEO takes over a key role in the Trump administration.

The portal adds how speculation of the Tesla chief’s favorite Dogecoin may put stress on Bitcoin, which can lead BTC to drop significantly. However, if Musk’s reformation plans include an economic overhaul favoring the crypto domain, it could catapult BTC’s price to hit $90K as well.

Also Read: VeChain (VET) Poised For a Bull Run?