Elon Musk was appointed to improve government efficiency. And he says he’s going to do it by putting the US treasury on the blockchain.

At least half of the US thinks this is a terrible idea – but for crypto adopters, it could be just the thing to propel the market to new heights.

Let’s see how Musk’s radical vision for the US treasury could cause the $BEST presale to soar in a potential bull run.

Blockchain the Treasury, Can It Be Done?

The US government budget for 2025 totalled roughly $1.5T, and virtually all of it runs through the US treasury.

If Elon Musk can find a way to put the entire treasury – all social security payments, federal employee wages, government aid, the whole thing – onto the blockchain, then the treasury would instantly possess the second-biggest ‘market cap’ in crypto. Only Bitcoin would be bigger.

It’s not an exact comparison, of course, but it shows just how seismic a shift this move represents.

From Musk’s standpoint, a public ledger would instantly remove a lot of the cloak-and-dagger aspects of the national budget and treasury. Payments could be tracked more easily, and transparency would instantly improve.

More importantly, crypto adoption would explode overnight. Over 3M people work for the US government – and all of them would be forced to use crypto.

Increased Adoption Sends $BEST Presale Sky-High

The more people who use crypto, the better for everyone in the crypto economy. Bitcoin will benefit, Musk’s beloved Dogecoin will too (possibly also sending new meme coins on a run), and upcoming projects with utility and potential could go sky high.

As increased crypto adoption pushes demand for crypto wallets, one of the fastest-growing crypto wallets, Best Wallet stands to benefit.

The Best Wallet ecosystem lets even beginner crypto users jump into using Best DEX (decentralized exchange) and Best Card, making crypto simpler than ever.

Now, the $BEST token supercharges Best Wallet’s already compelling benefits.

Upcoming Best Wallet updates will even allow investors to follow select presales, purchase tokens, and claim them all within the Best Wallet app.

$BEST holders also receive higher staking rewards for tokens held in Best Wallet, and reduced transaction fees.

The Best Wallet Token presale just passed the $9M mark; visit the $BEST presale page here to secure your tokens for $0.023875 before the next price increase.

Get Best Wallet, hold $BEST, earn rewards, and integrate seamlessly with the entire crypto economy – including, potentially, the US treasury itself.

Trump to Launch Next Crypto Boom?

Trump is making pro-crypto moves across the board.

While Musk talks about taking the treasury onto the blockchain, the Securities and Exchanges Commission is dialing back enforcement.

It all adds up to a potential crypto boom in the US, with adoption, development, and crypto-friendly initiatives all in overdrive.

Crypto presales like the $BEST token are poised to be in the right place at the right time for max gains. Do your own research, of course; none of this is financial advice, and the crypto market is always volatile.

That said, these are undeniably exciting times for crypto.

The latest SHIB burn data propelled a massive tide of optimism among crypto traders and investors as it soared over 500% intraday. Following the recent Shiba Inu and UAE partnership announcement, this surge has pushed market watchers to be highly optimistic. Notably, the dog-themed meme coin has recently joined forces with the UAE Ministry of Energy and Infrastructure (MoEI). As an upshot, market watchers are highly bullish as even SHIB price moved upward, defying broader market trends.

SHIB Burn Jumps As Over 18M Coins Taken Out Of Supply

As per data by the tracker Shibburn on X, the SHIB burn rate has blown up by 577% in the past 24 hours. This massive surge is primarily attributed to the elimination of 18.76 million tokens from the asset’s circulating supply.

With the burn rate surge weighing in, the current market supply was evaluated as 589.25 trillion tokens. Further, the weekly burn data flagged a 3551% uptick, riding the back of over 1 billion coins purged from the supply. In turn, market watchers remain bullish on future price action for Shiba Inu, mirroring the law of supply and demand.

Shiba Inu & UAE Partnership: What’s The Scoop?

Meanwhile, the SHIB community announced a groundbreaking partnership with the UAE Ministry of Energy and Infrastructure, capturing noteworthy attention across the industry.

His Excellency Eng Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at MoEI stated, “We’re delighted to deepen our commitment to cutting-edge digital services. This partnership represents a pivotal moment in our journey toward redefining government services. By embracing emerging technologies, we aim to set a global benchmark for innovation, delivering transformative solutions that benefit both our citizens and the wider community.”

Simultaneously, lead developer Shytoshi Kusama conveyed optimism in light of the partnership, highlighting “Shiba Inu as a cornerstone for next-gen infrastructure. This ‘Partnership’ will redefine how governments, businesses, and citizens collaborate in a transparent, eco-friendly digital framework,” the lead developer added. Coupled with the recent SHIB burn surge, this development set off bullish waves surrounding the meme coin’s price ahead.

Shiba Inu Defies Broader Volatility

At the time of reporting, SHIB price witnessed a 7% pump and is currently sitting at $0.0000163. The coin’s 24-hour low and high were $0.00001524 and $0.00001669, respectively.

Intriguingly, Shiba Inu defied the broader crypto market’s recent volatile trend, trading prominently in the green. This price movement reflects bullishness amid SHIB burn surge and the recent UAE partnership.

Also, a recent SHIB price analysis by CoinGape revealed that further gains loom as the MVRV moves deep into the Opportunity Zone. Notably, this bullish factor could fuel double-digit gains ahead, per the analysis. Market watchers continue to extensively eye the coin for further price action shifts.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.