On January 7, Musk posted on X platform stating that "if the US dollar inflation is resolved, the actual cost of purchasing cryptocurrencies in US dollars will decrease, assuming other conditions remain the same. What matters is the ratio of the US dollar to cryptocurrencies."
Previously, Initialized Capital founder Garry Tan said that if Musk's Dogecoin (DOGE) department is successful in addressing inflation, the price of Dogecoin will rise by 2025.