World’s richest man and tech magnate Elon Musk has announced that he will donate $1 million daily to supporters of Donald Trump before the election on November 5th. This news, announced at an America PAC event held in Harrisburg, Pennsylvania, has already caused a sensation. The first recipient of the $1 million check is John Dreher. Musk’s influence is apparent, as the cryptocurrency Dogecoin, which he often promotes, surged in value after his town hall speech, with its price currently reaching approximately $0.15, the highest point since June 12th this year.
In a speech last week, when Musk was asked if he would lead a new “Department of Government Efficiency,” he responded with “yeah, doge,” causing a huge cheer from the attendees and a subsequent rise in the value of Dogecoin. Over the past week, it has become the best-performing cryptocurrency among the top ten globally. His response was also a reply to a speech by Trump in September, in which Trump mentioned his desire to establish an efficiency committee led by Musk to conduct a comprehensive financial and performance audit of the entire federal government. As the election approaches and Trump’s approval ratings continue to rise, Musk, one of Trump’s most steadfast supporters, has pledged to spend over $70 million to assist in Trump’s campaign. In addition to the substantial funding, the technological innovations of SpaceX and the rising performance of Dogecoin also provide strong support and momentum for the campaign.
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