NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Dogecoin Is The Top ‘Trump Victory’ Trade, Says Investment Firm CEO

Jake Simmons
Jake Simmons
8 months ago
3 mins read
Dogecoin Elon Musk Donald Trump

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Leading figures in the crypto sector have highlighted Dogecoin as the potential top beneficiary of a victory by Donald Trump in upcoming US elections. Andrew Kang, founder and CEO of Mechanism Capital, took to X to express his insights on the matter. “One of the most interesting ways to express a ‘Trump Victory’ trade would probably be owning DOGE (and other memes),” Kang wrote.

“Not only do you have high odds of a Doge ETF but the Department of Government Efficiency (DOGE) would be making headlines every week and be pushed forward by Trump,” he added. Well-known Dogecoin advocate Elon Musk has been proposed by US presidential nominee Donald Trump to lead a Department of Government Efficiency if Trump wins a second term. This commission aims to conduct a comprehensive audit of federal finances and performance, and could be in the spotlight for many months in case of a Trump victory.

Related Reading

Dogecoin Buy Signal Hints At Upside As Funding Rate Keeps Rising

Dogecoin Buy Signal Hints At Upside As Funding Rate Keeps Rising

8 months ago

Imran Lakha, a seasoned professional options trader with two decades of experience, echoed Kang’s sentiments. “We mentioned this in last week’s podcast with Raoul Pal,” he commented, pointing to a deeper discussion on the topic.

Why Dogecoin Could Be The Top ‘Trump Victory’ Trade

Raoul Pal, co-founder of Real Vision Group and Global Macro Investor (GMI), and former head of hedge fund sales in equities and equity derivatives at Goldman Sachs, elaborated on the dynamics of memecoins and specifically Dogecoin during the podcast. “The other thing about memecoins that is really interesting is Bitcoin now there’s such a heavy narrative you go around it. You need to understand the history of money and you know blah blah blah,” Pal remarked. “And memecoins are like the meme number that goes up. Right, that’s so much easier and much less inhibiting to a 25-year-old.”

Pal emphasized the appeal of memecoins to younger investors, attributing it to the straightforward allure of potential gains. “There’s a trend, so now you’re just capturing an attention trend,” he explained. “Look, don’t judge them with your kind of financial market wealth. They’re all going to get blown up; they know what they’re doing—which is attention is fleeting gambling—and I’m going to gamble how long that attention goes on for and how valuable it becomes, knowing that it’s not going to be persistent.”

Related Reading

Create an image for an article with this title: Active Dogecoin Addresses Reach Highest Level In 8 Months – Is DOGE About To Rally?

Active Dogecoin Addresses Reach Highest Level In 8 Months – Is DOGE About To Rally?

8 months ago

He also highlighted Dogecoin’s historical performance and chart patterns. “In the previous cycle, Dogecoin went to $100 billion. So there’s a lot of upside on most of them. People don’t understand that the DOGE chart is a killer weekly chart,” Pal noted. “If I just look at the weekly chart of [DOGE], there’s been a massive wedge for a few years, spike, massive wedge, spike, and it’s like this perfect thing. It’s like it’s a thing of beauty, that chart. So I’m long DOGE.”

Regarding Elon Musk’s involvement, Pal suggested that the Tesla and SpaceX CEO has intentionally went silent about Dogecoin recently. He speculated that Musk, who has aligned himself with Trump, may be strategically avoiding conflicts with the Biden-Harris administration because “there’s only a certain number of battles Elon can take at once,” while planning to integrate Dogecoin into X after Trump is elected.

He speculated on Musk’s strategic positioning: “I just think he doesn’t want to have that fight, but I still think it’s gonna happen. That’s why he’s chummy with Trump, right? Because if he’s chummy enough with Trump and Trump gets in, then that’ll be an easier fight for him.”

Pal suggested that integrating Dogecoin into platforms like X could revolutionize global transactions. “If you were to use DOGE as the currency—because unlike Facebook Libra, he’s not launching a currency; it exists—and then we could all use DOGE payments on Twitter,” he said. “The issue is that it’s a big fight with the government when you’ve got a platform of 500 million people and you’re going to introduce a currency onto it.”

At press time, DOGE traded at $0.12512.

Dogecoin price
Dogecoin price reclaims the 0.236 Fib, 1-day chart | Source: DOGEUSDT on TradingView.com
Featured image from X, chart from TradingView.com
Tweet123Share196ShareSend
Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

Read more

His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Dogecoin price news

Dogecoin Shows Signs Of Life With Bottoming Signal

Dogecoin’s daily chart, published by the pseudonymous trader Cantonese Cat on X Wednesday, hints that the meme-coin may be stirring...

Jake Simmons 1 day ago
Dogecoin (DOGE) Struggles to Climb

Dogecoin (DOGE) Struggles to Climb — Upside Moves Likely to Face Strong Resistance

Dogecoin started a fresh decline from the $0.1820 zone against the US Dollar. DOGE is now consolidating losses and might...

Aayush Jindal 2 days ago
Dogecoin price news

Dogecoin Looks Like ‘It Wants To Play Dead’—Again

In the late-cycle quiet of mid-June, veteran market technician Tony “The Bull” Severino, CMT, posted a monthly Dogecoin (DOGE) chart...

Jake Simmons 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Dogecoin

Dogecoin Breaks Free—Could Soar 60%, Analyst Says

Christian Encila 14 hours ago
Dogecoin price analysis news

Crypto Analyst Predicts $4 Dogecoin After Exhausted Selling Phase

Jake Simmons 1 day ago
Dogecoin

Dogecoin Gears Up For 60% Move—Will It Be Up Or Down?

Keshav Verma 1 day ago

Premium Sponsors

Top Brands

Press Releases

  • 新しい仮想通貨の最新動向|EnteriseCoin・HyperQuantum・BTC Bull Tokenの注目リリース情報

    ...

    2 hours ago
  • ミームコイン注目3選|この夏に急騰が期待される銘柄とは?

    ...

    3 hours ago
  • 仮想通貨プレセール加速中、米利下げ観測で注目集まる次世代レイヤー2プロジェクト

    ...

    3 hours ago
  • 仮想通貨おすすめ|今注目のL2プロジェクト、調達額5,500万ドル突破で上場目前!

    ...

    3 hours ago
  • 仮想通貨1000倍の可能性|Dogecoin・XRP・SolanaのETF承認が近づく中で注目すべき銘柄とは?

    ...

    3 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.