In a surprising take, Morgan Stanley’s Chief Investment Officer (CIO) has suggested that Dogecoin (DOGE)—the meme cryptocurrency famously championed by Elon Musk—could be the “most underestimated” part of a potential Trump administration, calling it the “most bullish thing” for the U.S. economy.
This unexpected endorsement raises questions about whether Musk’s influence, cryptocurrency adoption, and economic policy shifts under Trump could align to make DOGE a major financial player.
DOGE’s Role in a Trump Economy?
While Dogecoin started as a joke, Musk’s vocal support and its growing mainstream adoption have kept it relevant. The idea that it could play a role in Trump’s economic strategy may sound far-fetched, but it’s not entirely impossible. Here’s why:
✅ Musk’s Political Clout: Elon Musk has been increasingly engaged in U.S. politics, reportedly meeting with Trump campaign officials and aligning with pro-business policies.
✅ Crypto-Friendly Policies: A Trump-led administration could reduce crypto regulations, favoring mainstream adoption of digital currencies like DOGE.
✅ DOGE for Payments: With Musk integrating Dogecoin into Tesla, SpaceX, and X (formerly Twitter), a larger government-backed role for crypto isn’t out of the question.
Why Morgan Stanley’s CIO Is Bullish on DOGE
According to Morgan Stanley’s CIO, DOGE could become a highly influential asset under the right conditions. Here’s why he believes it’s “underestimated”:
1️⃣ Mass Adoption Potential
- If regulatory policies favor crypto payments, DOGE could see increased adoption in mainstream commerce.
2️⃣ Musk’s Vision for Financial Disruption - With X aiming to become a “super app” integrating banking, payments, and crypto, DOGE could become a widely used digital currency.
3️⃣ Pro-Business, Anti-Regulation Climate - A Trump administration may adopt looser financial regulations, enabling DOGE and other cryptos to flourish.
Reality Check: Could This Really Happen?
Despite the bullish outlook, there are major challenges to the idea of Dogecoin playing a significant role in U.S. economic policy:
🔴 Volatility: DOGE is still highly speculative, making it an unstable choice for mainstream finance.
🔴 Regulatory Risks: While Trump might be crypto-friendly, regulatory agencies still play a big role in determining DOGE’s future.
🔴 Practicality: Unlike Bitcoin or Ethereum, DOGE lacks widespread institutional adoption beyond Musk-led companies.
Final Thoughts
Morgan Stanley’s DOGE prediction is bold, but it reflects the growing mainstream legitimacy of crypto assets. While the idea of Dogecoin shaping U.S. economic policy seems far-fetched, its integration into Musk’s growing ecosystem—especially if Trump wins—could be a game-changer for crypto adoption.
Will DOGE truly become a cornerstone of the U.S. economy under a Trump-Musk influence? Only time will tell.
