Tesla CEO Elon Musk is backing Donald Trump to win the 2024 presidential election against Democratic candidate Kamala Harris. The billionaire spoke at a Trump rally in September, highlighting the importance of the Republican candidate winning the White House. Elon Musk is a proponent of Dogecoin, and his influence on Donald Trump could sway Dogecoin’s price in the charts.
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During his term in office from 2017 to 2021, Trump was a non-believer in blockchain technology. However, the former President changed his tunes this year and spoke highly about Bitcoin and blockchain technology. Donald Trump even accepted cryptocurrencies as donations for his campaign and shared thoughts similar to those of Elon Musk, except for Dogecoin.
Will Elon Musk Make Donald Trump Talk About Dogecoin?
This year, Donald Trump discussed Bitcoin, the cryptocurrency market, and the de-dollarization agenda. However, Donald Trump has not discussed Dogecoin, and only Elon Musk could make that happen. If Trump wins the election, Musk could eventually explain how Dogecoin works to the President-elect.
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Dogecoin’s price is already in the green this month, hoping for a Trump victory. Rumors of Donald Trump giving Elon Musk a cabinet role are keeping Dogecoin in the green. If the billionaire entrepreneur gains access to shape policies, there is a high chance he could include DOGE in his plans.
If that happens, Dogecoin could soar in the charts, reaching new highs, as the support comes straight from the White House. Not just DOGE, but Donald Trump and Elon Musk could make Bitcoin and the broader cryptocurrency market rally. It could be interesting times for the cryptocurrency market, primed with four years of a bull run.
However, these are hypothetical presumptions, not reality. Donald Trump has yet to win the election as America goes into voting today. The result will be out on Tuesday night, which could decide the next course of Dogecoin.
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