Elon Musk, the "secretary," will post a statement of US government spending online.

As the incoming leader of the agency tasked with improving the functioning of the U.S. government , billionaire Elon Musk has announced a list that will be "both tragic and fascinating" of insane spending sprees funded by American taxpayers.

Elon Musk announced that he will have a list of US government spending that is both "tragic and interesting."

Billionaire Elon Musk - Photo: AFP

On the morning of November 13th (Vietnam time), US President-elect Donald Trump announced the appointment of billionaire Elon Musk to lead an agency tasked with improving the US government, granting even more influence to the already richest man in the world .

Billionaire Musk wants transparency.

Accordingly, Musk and former Republican presidential candidate Vivek Ramaswamy will co-lead the newly established Department for Government Efficiency, abbreviated as DOGE. In a statement, Trump said the two would together "pave the way for my administration to dismantle government bureaucracy, cut unnecessary regulations, reduce wasteful spending, and restructure federal agencies." According to Trump, this new agency will "provide advice and guidance from outside the government"—a sign that Musk and Ramaswamy's positions may be unofficial, meaning they will not require Senate confirmation, and allow Musk to continue leading Tesla, the social media platform X, and SpaceX. "All actions of the Department for Government Efficiency will be posted online for maximum transparency," Musk posted on X, inviting the public to provide solutions. "We'll also have a ranking of the most insane and stupid spending sprees with your taxpayer money. This will be both incredibly tragic and incredibly entertaining," the head of the US government reform agency promised.

Dogecoin's price increases in line with DOGE.

According to CNBC, Dogecoin, with its latest surge of nearly 20% overnight on November 12th (US time), continues its upward trend that has lasted since Donald Trump's election as US president. As one of the biggest "winners" in the post-election cryptocurrency price surge, Dogecoin has so far increased by 153%, far surpassing Bitcoin's 30% increase during the same period. This week, Dogecoin also surpassed XRP to become the 6th largest cryptocurrency by market capitalization.

Bitcoin could reach $100,000.

According to CNBC, Bitcoin is trading at near-record highs, and many users on the Kalshi platform predict it could reach $100,000 before the end of 2024. Kalshi data from November 12th shows that 60% of users are betting that Bitcoin could reach $100,000 before January 2025. Additionally, about 45% of users are betting that the cryptocurrency could reach that level in November 2024.

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