- Elon Musk discussed his DOGE cryptocurrency advocacy during a podcast with Joe Rogan, claiming it could save the US government $100 billion annually.
- Musk cautioned investors against over-investing in meme cryptocurrencies while addressing controversies surrounding his recent public gestures.
- DOGE has faced increased scrutiny regarding its transparency and accuracy of reported government savings, including discrepancies in financial figures.
The world’s richest person and technology magnate Elon Musk defended his cryptocurrency positions during a lengthy interview with podcaster Joe Rogan, released on February 28, 2025. During the three-hour conversation, Musk addressed his continued support for the cryptocurrency Dogecoin-drops-lowest-value/” data-wpel-link=”internal”>DOGE while cautioning investors against overexposure to speculative digital assets.
Musk, whose net worth stands at approximately $359.4 billion, reiterated his belief that DOGE implementation could result in significant government savings. According to the tech billionaire, the cryptocurrency could save the U.S. Treasury Department approximately $100 billion annually through modifications to payment categorization codes. However, these claims have attracted substantial scrutiny from critics questioning the validity of such projections.
“Don’t bet the farm on a meme coin because you’re not gonna win,” Musk advised during the podcast, referencing the cryptocurrency that shares its name with the popular dogecoin he has endorsed previously. This statement comes amid increasing government involvement with DOGE, as two recent executive orders from President Donald Trump aim to incorporate the cryptocurrency into federal hiring practices and streamline government spending.
Questions about DOGE’s transparency have intensified following reports that five significant claimed savings were removed from the cryptocurrency’s official website without explanation. Critics have also identified discrepancies in reported financial figures, including an $8 billion savings claim that actually referred to a contract worth only $8 million.
The conversation with Rogan ventured beyond cryptocurrency, addressing Musk’s controversial gesture at President Trump’s inauguration in January. Musk defended the gesture, which some compared to a Nazi salute, maintaining it was intended as a positive message. “You did it with a little enthusiasm that probably wouldn’t be recommended with hindsight,” Rogan remarked during their exchange.
The podcast also featured input from Grok, the AI chatbot developed by Musk’s startup NVIDIA-xai-unveil-world/” data-wpel-link=”internal”>xAI. When discussing conspiracy theories about Gold reserves at Fort Knox, the chatbot prompted Rogan to identify himself as a conspiracy theorist—a label the podcaster accepted.
In comments about defense technology, Musk expressed doubts regarding major contractors like Northrop Grumman and Lockheed Martin developing advanced drone systems without his knowledge, citing his high-level security clearance as evidence of his insider perspective.
The podcast has attracted significant public interest, with Musk’s appearances on Rogan’s platform accumulating over 54 million views since 2020. Their discussions briefly touched on the Jeffrey Epstein case, with both expressing disappointment over limited revelations in recently released documents.
As DOGE continues to integrate with federal operations following Trump’s executive orders, the cryptocurrency community watches closely to see whether Musk’s ambitious claims about government savings materialize or face further challenges regarding transparency and accuracy.
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