As the incoming head of the agency tasked with improving the functioning of the US government, billionaire Elon Musk has vowed to have a "both tragic and entertaining" list of crazy spending on American taxpayers' money.
Elon Musk says he will have a 'tragic and interesting' list of US government spending
Billionaire Elon Musk - Photo: AFP
Billionaire Musk wants transparency
Musk and former Republican presidential candidate Vivek Ramaswamy will co-head the newly created Department of Government Efficiency, or DOGE. In a statement, Trump said the two would work together to "pave the way for my administration to dismantle government bureaucracy, while cutting redundant regulations, cutting wasteful spending, and restructuring federal agencies." Trump said the new agency would "provide advice and guidance from outside the government" - a sign that Musk and Ramaswamy's positions would be informal, meaning they would not require Senate confirmation, and would allow Musk to continue leading Tesla, X, and SpaceX. "All actions taken by DOGE will be posted online for maximum transparency," Musk said on X, inviting the public to provide solutions. "We're also going to have a ranking of the craziest stupid things your tax dollars are spending. It's going to be both incredibly tragic and incredibly entertaining," the head of the US government reform agency promised.Dogecoin Price Increases Following DOGE
According to CNBC, with a recent increase of nearly 20% on the night of November 12 (US time), Dogecoin continues its long-term upward trend since Mr. Trump was elected US President. As one of the biggest "winners" in the price increase of a series of cryptocurrencies after the US election, Dogecoin has so far increased by 153%, far exceeding the 30% increase of bitcoin in the same period. Dogecoin also surpassed XRP this week to become the 6th largest cryptocurrency by market capitalization.Bitcoin could hit $100,000
Bitcoin is trading at a near-record high, and many users on the Kalshi platform predict that it could hit $100,000 before the end of 2024, according to CNBC. Kalshi data on November 12 showed that 60% of users are betting that bitcoin could hit $100,000 by January 2025. In addition, about 45% of users bet that the currency could hit the aforementioned level by November 2024.Tuoitre.vn
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