Elon Musk• Объект человек » Персоналии по алфавиту » Персоналии на Ма » Маск, Илон backed
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin surges after
Donald Trump handed
him new governmentefficiency
department also called
DOGE
Elon Musk• Объект человек » Персоналии по алфавиту » Персоналии на Ма » Маск, Илон backed Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin surges after Donald Trump handed him new government
efficiency department also called DOGE
By JAMES REYNOLDS
Published: 15:36 GMT, 13 November 2024 | Updated: 17:08 GMT, 13 November 2024
e-mail• Коммуникации » Интернет-коммуникации » Электронная почта
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Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin has surged to reach its highest value in more than three years in the
wake of the presidential election , gaining 12 per cent on Tuesday alone.
The cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта championed by Elon Musk• Объект человек » Персоналии по алфавиту » Персоналии на Ма » Маск, Илон has outpaced Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin to rise from
$0.15 to $0.42 in a matter of days - a jump of 180 per cent.
It comes as Elon Musk• Объект человек » Персоналии по алфавиту » Персоналии на Ма » Маск, Илон was nominated to head Donald Trump 's new Department of
Government Efficiency (DOGE) when he comes to office in January.
Musk, alongside entrepreneur and former Republican candidate Vivek Ramaswamy,
will aim to cut federal spending by as much as a third after a 'complete
financial and performance audit of the entire federal government, and making
recommendations for drastic reforms', according to Trump.
'Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin', Musk's preferred crypto token, originally refers to a viral image
of a Shiba Inu dog, popular online from 2010.
Elon Musk• Объект человек » Персоналии по алфавиту » Персоналии на Ма » Маск, Илон speaks during a PAC Town Hall in Folsom, Pennsylvania, on October
17, 2024
A visual representation of the digital Cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin (DOGE) is on
display on November 12, 2024 in Paris, France
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin has climbed significantly since the election, and at a faster rate
than Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin, launched three years later, has been promoted as a 'fun and friendly
internet currency' and acknowledges its origins as a 'joke'.
The crypto was intended to make fun of other cryptos as Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin came to the
fore, but grew in popularity - and even went on to sponsor a soccer team in
the UK.
Read More
BREAKING NEWS
Trump hands Elon Musk• Объект человек » Персоналии по алфавиту » Персоналии на Ма » Маск, Илон bombshell new role leading the 'Manhattan Project
of our time'
It is not clear why Musk took interest in the currency, but he has continued
to make reference to the meme in posts on X, which he bought in October 2022 .
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin's popularity surged ahead of Musk's SNL performance in 2021, which
one analyst linked to the billionaire Tesla• Объект организация » Организации по алфавиту » Организации на Te » Tesla Motors CEO.
'Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin is like this kind of big F-U to the system,' Avi Felman, Head of
Trading at BlockTower Capital, told CNBC at the time.
'It's like, "Yeah, this thing can have value, too. And I'm just going to buy
it, because I'm going to buy it."'
'Elon is basically pushing up this message of, "Why can’t dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin have
value?"' said Felman.
'It’s part of the GameStop boom. People like these narratives... they like
these jokes.'
Ahead of the US• Экономика » Финансы » Платежные средства » Доллар США election, some investors again predicted that a Trump win
would help Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin in light of Musk's support of the Republican candidate.
Since the election, Musk has reportedly been holed up at Mar-a-Lago as Trump
considers his staffing choices.
Trump had already floated the idea of a new department to oversee federal
spending under the watch of Musk.
As well as launching SpaceX• Объект организация » Организации по алфавиту » Организации на Sp » SpaceX, Tesla• Объект организация » Организации по алфавиту » Организации на Te » Tesla Motors and other companies including the original
X.com, later merging with Confinity to become PayPal.
Read More
The rise of the tech bro-conomy: How Trump presidency could make world's
crypto bros BILLIONS
After taking over Twitter in 2022, Musk cut staff by as much as 80 per cent in
a push to reform the company in his vision.
Musk defended the layoffs saying he had no choice when the company was losing
$4mn a day, having paid $44bn.
He said the cuts were needed to rein in expenditure and keep the company
functional and efficient.
But insiders said they worried the cuts had affected their ability to do their
jobs. Twitter suffered four outages in February 2023 alone - compared to nine
in all of 2022.
Staff also said that due to cuts and changes to features, they could no longer
protect users from trolling and child sexual exploitation, nor the rife
disinformation Musk set out to combat.
'Nobody's taking care' of the work around safety measures now, an engineer
told the BBC• Объект организация » Организации по алфавиту » Организации на Бр » BBC (Би-би-си)
• Средства массовой информации » Средства массовой информации Великобритании » BBC (Би-би-си) in March last year.
Musk contested some of these claims in the rare media interview with in April,
saying there was less misinformation on the site since the takeover, helped by
efforts to delete automated accounts.
Musk's own artificial intelligence model Grok assessed this month that 'based
on various analyses, social media sentiment, and reports, has been identified
as one of the most significant spreaders of misinformation on X since he
acquired the platform'.
Fidelity estimated earlier this year that X is now worth 80 per cent less than
when Musk bought it.
The original doge meme featured text over a photo of a Shiba Inu
Musk continues to share doge-related memes, and appears to back the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
As Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin climbed to a three-year high, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin rallied to the verge of
$90,000 on Tuesday, also riding the wave of euphoria since the election of
Trump as U.S. president• Соединённые Штаты Америки (США) » Политика США » Политики США » Президент США
• Соединённые Штаты Америки (США) » Государственное устройство США » Президент США
• Политика » Политика США » Политики США » Президент США
• Государство » Государственное устройство США » Президент США on expectations his administration will be crypto
friendly.
The world's biggest cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта has become one of the most eye-catching
movers in the week since the election and touched $89,982 - a gain of around
30% since November 5. It was last down 1.4% at $86,730.
Read More
Complete liberal meltdown unfolds as Trump taps Elon Musk• Объект человек » Персоналии по алфавиту » Персоналии на Ма » Маск, Илон to
'dismantle' bloated US• Экономика » Финансы » Платежные средства » Доллар США bureaucracy
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is surging along with Musk's automaker Tesla• Объект организация » Организации по алфавиту » Организации на Te » Tesla Motors , which is up nearly 40%
since voting results rolled in, as investors figure Trump's friends and
interests will do well while he is in office.
'The crypto enthusiasts think they have a like-minded incoming president• Соединённые Штаты Америки (США) » Политика США » Политики США » Президент США
• Соединённые Штаты Америки (США) » Государственное устройство США » Президент США
• Политика » Политика США » Политики США » Президент США
• Государство » Государственное устройство США » Президент США,'
said Alvin Tan, head of Asia FX strategy at RBC Capital Markets.
'The thing about bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin at the end of the day is that there is no valuation
anchor to it, it's hard to get a grip on fair value. So when sentiment is very
positive, it does get carried away a lot more than other asset classes.'
Trump embraced digital assets during his campaign, promising to make the
United States• Соединённые Штаты Америки (США) the 'crypto capital of the planet' and to accumulate a national
stockpile of bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin.
It is not clear how or when that could happen but the possibility drove a
speculative surge in crypto mining and trading stocks.
'I think it increases the chances that other nation states buy bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin in a
bid to front run the U.S• Соединённые Штаты Америки (США).,' said Matthew Dibb, chief investment officer at
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта asset manager Astronaut Capital.
'Additionally I think it would be a crazy catalyst for the U.S• Соединённые Штаты Америки (США). listed bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
miners ... given possibilities of such entities getting nationalized.'
Crypto miner Riot Platforms jumped nearly 17% on Wall Street on Monday. Fellow
miners MARA Holdings and CleanSpark leapt nearly 30%.
Software company and investor in bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin MicroStrategy announced it had spent
about $2 billion buying bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin between October 31 and Nov. 10. Shares rose
26% on Monday.
'Obviously (it's) a clear Trump trade as he is so supportive of the industry,
and this can only mean more demand both for crypto stocks as well as the
currencies themselves,' Nick Twidale, chief market analyst at ATFX Global in
Sydney, said of the bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin rally.
'The fact that bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin was trading near all-time highs when the election
result came through meant that it had clean sky above.'
Tesla• Объект организация » Организации по алфавиту » Организации на Te » Tesla Motors and SpaceX• Объект организация » Организации по алфавиту » Организации на Sp » SpaceX CEO Elon Musk• Объект человек » Персоналии по алфавиту » Персоналии на Ма » Маск, Илон (R) jumps on stage as he joins Donald Trump
during a campaign rally at site of his first assassination attempt in Butler,
Pennsylvania on October 5
Musk joins Trump during a campaign rally in Butler, Pennsylvania on October 5
The euphoria extended across the crypto landscape with smaller tokens such as
ether and dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin surging, although they dipped on Tuesday morning in Europe.
Crypto investors see an end to increased scrutiny under U.S. Securities and
Exchange Commission Chair Gary Gensler whom Trump has said he will replace.
Trump also unveiled a new crypto business• Экономика » Бизнес, World Liberty Financial, in
September.
'What we're seeing isn't just a price milestone; it's a signal that the market
is warming to the idea of bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin as a more stable, even politically favoured,
asset,' said Justin D'Anethan, head of Asia-Pacific business• Экономика » Бизнес development at
digital assets market maker Keyrock.
Elon Musk• Объект человек » Персоналии по алфавиту » Персоналии на Ма » Маск, Илон Tesla• Объект организация » Организации по алфавиту » Организации на Te » Tesla Motors