[Opinion] Dogecoin (DOGE Coin) and Doge (DOGE)

The "Trump rally" is intensifying. The most noticeable trend is the sharp rise of the virtual asset Bitcoin. It has been climbing steadily since Donald Trump's election. The prevailing opinion is that there is still a long way to go. His statements serve as a guarantee.

"I will make the United States the capital of virtual assets."

"The United States must take the lead in the virtual asset industry."

"We must ensure that American citizens can trade virtual assets without government surveillance and control."

"I will fire Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), who led the 'Choke point 2.0' (virtual asset suppression policy)."

In these statements, virtual assets essentially mean Bitcoin. Trump also said, "I will designate Bitcoin as a strategic reserve asset of the United States." This means that Bitcoin will be stockpiled alongside oil, gold, and agricultural products in preparation for emergencies such as war. Currently, the U.S. government holds about 210,000 Bitcoins, and a bill has been proposed (by Republican Senator Cynthia Lummis) to secure up to 1 million Bitcoins over the next five years and store them for at least 20 years.

On top of the soaring Bitcoin, there are also altcoins flying high. Doge (DOGE) coin is a representative example. When Bitcoin rises by 5%, Dogecoin surges by more than 30%. Last week, Bitcoin's increase was about 20%, while Dogecoin's was close to 90%. Among the top 10 virtual assets by market capitalization, Dogecoin had the highest weekly gain. This week, both Bitcoin and Dogecoin continue their daily surge.

There is a figure closely associated with Dogecoin: Elon Musk, CEO of Tesla. If Trump's favorite coin is Bitcoin, Musk's favorite coin is Dogecoin. He has supported Dogecoin by suggesting its use for Tesla electric car transactions and Supercharger (fast charging) payments.

This time, Musk strongly supports Trump in the presidential election, and with his nomination to a key government position on the 13th (Korean time), Dogecoin has truly taken flight.

Trump nominated Musk as the head of the "Government Efficiency Commission." While U.S. media referred to this department as the 'Government Efficiency Commission,' Musk cleverly renamed it the "Department of Government Efficiency." Taking the initials forms the acronym "DOGE," which is the name of the virtual asset he loves. This shows the meticulous thought he is putting into reform efforts. He has even advocated for abolishing the Federal Reserve Bank (specifically, he showed 100% support by posting a "100" emoji on a related post by Republican Senator Mike Lee, who proposed a bill to abolish the Fed). This virtual asset enthusiast is shaking up the central bank fiat currency system.

Virtual assets and government reform are just the tip of the iceberg. Unimaginable major changes are forecasted across trade, industry, defense, immigration, diplomacy, race, religion, and ideology in the U.S. and worldwide. Moreover, gaps from the first term have been thoroughly addressed through 'Agenda 47' (Trump's campaign promises) and 'Project 25' (policy report for re-election preparation). Given the nature of Trump and Musk, it is safe to say that it will not end with mere "what ifs" but only awaits execution. The world is being told a story where Dogecoin, created as a meme with a Shiba Inu dog, leads to a massive transformation of existing organizations and systems, evolving into "Doge-ro" (a pun implying a revolutionary force). Blink and it's a new world; look away and it's a cliff; fall asleep and it's a grave.