$2 Trillion Coming to Bitcoin? Musk's D.O.G.E Might Purchase Bitcoin With State Savings

Known influencer and former kickboxer Andrew Tate presented a radical idea on social media: Elon Musk’s Department of Government Efficiency (D.O.G.E) might invest state savings in purchasing bitcoin, frontrunning the Congress to start building the rumored U.S. strategic bitcoin reserve.

DOGE Might Redirect State Savings for Bitcoin Purchases

The Department of Government Efficiency (D.O.G.E), the still-to-be-created agency put in the hands of billionaire entrepreneur Elon Musk and former candidate Vivek Ramaswamy, is awakening all sorts of expectations linked to its upcoming performance. The office, which will be tasked with trimming the fat of the federal government and starting deregulation procedures, is also being tied to bitcoin and the possible establishment of a strategic reserve.

Andrew Tate, a known social media influencer and former kickboxer, recently floated a proposal connecting D.O.G.E to cryptocurrency and the strategic bitcoin reserve that would be under consideration by Trump’s administration.

Tate, who recently declared he would buy $1 million in BTC each time Microstrategy’s co-founder and utive chairman Michael Saylor announced a bitcoin purchase, stated:

The bull run begins when Elon buys BTC and DOGE with the money saved from governmental over spending and corruption.

While just an idea, if D.O.G.E adopts this bitcoin investment strategy, it could bring an estimated $2 trillion to the state coffers in the form of BTC. Before, Musk said that he expected D.O.G.E to cut at least this number from the federal budget that reached $6.75 trillion during Joe Biden’s last year as U.S. president.

Read more: Elon Musk’s DOGE to Slash $2 Trillion From Government Budget — ‘The Future Is Going to Be Amazing’

Nonetheless, experts are skeptical about the real results that D.O.G.E, which is still not part of the government, could achieve. Musk has pointed out he would attack spending programs that have not been sanctioned by Congress, including grants to international organizations, the Corporation for Public Broadcasting, and organizations like Planned Parenthood.

Musk has also vowed to maintain the department’s decisions transparent, relying on public feedback to support his actions. “Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know!” he stressed.

Read more: Elon Musk’s DOGE Plan Lets Public Call out ‘Insanely Dumb’ Government Spending