Doge Price can see an impressive growth if Elon Musk uses Dogecoin blockchain for US Treasury transactions.
Billionaire Elon Musk He proposed to transfer the transactions of the US Treasury to blockchain technology, and this idea caused discussion between the blockchain community and in government circles.
Could Dog consider Dogecoin?
This is part of the efforts of the general director of Tesla to reduce the government expenses Through his agency of the Ministry of State Efficiency (DOGE). Nevertheless, the proposal was met with mixed feelings.
His idea appeared after businessman Mario Navfal asked about X if the treasury should accept the blockchain in response to accusations of fraudulent payments. Musk answered In favor A proposal that triggers speculates about which blockchains can be considered if the dog passes with this.
Yes!
– Elon Musk (@elonmusk) February 2, 2025
The reports indicate that Dogecoin, a beloved crypto -project MUSK, can be a potential candidate. February 2 report From Forbes called Dogecoin “Pet Project” Musk, in fact, mentioned this as a possible option.
In addition, last week, Dogecoin enthusiast also enthusiast Dogecoin proposed This processing Treasury payments through Dogecoin will increase transparency.
Previous comments Musk were also added to speculation. In August 2022, a billionaire praised the effectiveness of DogecoinAffirming that this processes transactions better than bitcoin. He also criticized Bitcoin energy consumption, claiming that Dogecoin was a more practical alternative.
This strengthened the assumption that Dogecoin could be possible for the candidate for consideration if Elon Musk really continues the plan. In addition, DOGE uses Dogecoin blockchain to increase efficiency Frankly Poetic.
Doge Price, if the United States used Dogecoin blockchain
For context, US Treasury processes about 5 trillion dollars a year for state payments, which is translated up to 411 billion dollars per month and about 13.7 billion dollars a day. If Dogecoin processes these transactions, This Could a lot influence Its priceField
However, the degree of such prospective influence remains unclear. As a result, we were looking for an opinion on Ay Chatbot Chatgpt. The Openai project analyzed the script and outlined potential changes in prices based on various market results.
ChatGPT rightly explained that the adoption of the government will probably increase Dogecoin’s demand. More institutions can be invested in Dogecoin, increasing its liquidity and long -term stability.
Since Dogecoin is currently trading for $ 0.2566, the processing of treasury payments can push its market capitalization much higher. ChatGPT suggested that if Dogecoin at any time only 5% of transactions of $ 5 trillions were carried out, market capitalization could increase up to $ 250 billion.
Chatbot appreciated three possible price scenarios based on various levels of adoption. First, in a moderate growth scenario, if Dogecoin market capitalization An increase in 5x, its price can reach $ 1.28.
Nevertheless, ChatGPT further suggested that if the adoption increases against the background of an emergency environment, and market capitalization has grown 10 times, Dogecoin can rise to $ 2.56. Meanwhile, in a very speculative scenario, if the hype attracted mass investment, similar to past crypto -booms, the price may exceed $ 5.00.
Despite these forecasts, problems may prevent Dogecoin to reach these prices. ChatGPT warned that high volumes of transactions can reveal ineffectiveness in the Dogecoin blockchain.
In addition, state rules may also limit his participation in treasury transactions. In addition, an unlimited Dogecoin offer can reduce prices if demand does not exceed the release. However, these forecasts remain very speculative.
