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Tech billionaire Elon Musk has triggered the crypto community by saying that in the summer of 2026, the new venture created by the newly elected US political leader – the Department of Government Efficiency, which Musk runs together with another big entrepreneur Vivek Ramaswamy and prefers to call it D.O.G.E. - will be closed down.
The crypto community and many of its top members on X responded to that tweet, asking the Tesla CEO not to do that since they believe les than two years will not be enough to solve all the tasks set for this organization.
D.O.G.E. will "delete itself": Elon Musk
Musk retweeted a recent post published by his partner in the D.O.G.E. venture Ramaswamy. What the entrepreneur wrote was: “Most government projects should come with a clear expiry date. That’s why we set one for @DOGE.”
The shutdown date for D.O.G.E. has been set for July 4, 2026 – as a commentator pointed out, it will be also the 250th anniversary of America becoming independent of the British Empire.
The final step of @DOGE is to delete itself https://t.co/ZCj2NvHm1U
— Elon Musk (@elonmusk) December 2, 2024
Crypto community asks Musk to give D.O.G.E. more time
However, many crypto enthusiasts and Dogecoin lovers, who half-seriously associate D.O.G.E. with the original meme cryptocurrency, began to say that until July 2026 there will be not enough time for the Department of Government Efficiency to solve all the problems to do with the government spending and the national debt.
Sean Ono Lennon (John Lennon’s junior son) wrote: “That’s not enough time! Please give yourself a little more.”
The strategic advisor at Tether, the emitter of the USDT stablecoin, Gabor Gurbacs commented: “2 years won't be enough to permanently reform the U.S. government. We'll need more of a permanent DOGE Ombudsman function.”
The @dogeofficialceo X user published a meme in which he shared an expectation that by July 2026, Dogecoin will finally become the “global reserve currency”, perhaps rather jokingly.
A co-founder of Dogecoin, Billy Markus, known on social media as Shibetoshi Nakamoto, also responded, posting a meme saying: “This message will self-destruct in 3, 2, 1.”
Many crypto influencers, including the aforementioned ones, as well as Robert Kiyosaki, Michael Saylor, have been stressing recently that over the past four years the US debt has been growing at an alarming rate, therefore D.O.G.E. was created.