Dogecoin co-founder Billy Markus asks, “Why not a Dogecoin reserve?” as Trump’s Bitcoin reserve plan gains attention and Dogecoin’s price continues to rise.
Billy Markus is suggesting the idea of a national Dogecoin reserve. He tweeted, “why not national Dogecoin reserve tho” just as talks about the U.S. creating a Bitcoin reserve under President-elect Donald Trump’s administration are heating up. This idea might seem odd, but this making people think about Dogecoin’s role in the crypto.
How a Dogecoin reserve compare to a Bitcoin reserve?
The idea of a Bitcoin reserve isn’t new. Trump mentioned at the Nashville Bitcoin Conference that he supports the government’s buying Bitcoin as part of its reserves alongside traditional assets like gold and land. With its massive $1.8 trillion market cap, Bitcoin is one of the largest assets in the world. This plan is being taken seriously; even Senator Cynthia Lummis has discussed how it might work.
However, Markus’s tweet has shifted some focus toward Dogecoin, a cryptocurrency that started as a joke but has grown into a $55 billion asset with millions of supporters.
Dogecoin is often called “the people’s crypto.” Tesla CEO Elon Musk has been one of Dogecoin’s biggest supporters and often tweets about it, causing its price to jump. Recently, Trump’s administration announced the Department of Government Efficiency (D.O.G.E.), which raised a question.
Markus’s idea of a Dogecoin reserve shows the coin’s growing importance. While Bitcoin is seen as a serious asset, Dogecoin has proven it can last, even though it started as a joke. Its popularity and strong backing make it a real contender in the market. Dogecoin could even have real-world uses, like payments, as Musk has hinted.
The idea of a national Dogecoin reserve might seem unbelievable, but Dogecoin’s journey from a meme to a $55 billion asset shows how unpredictable this can be. With more governments exploring cryptocurrency, Dogecoin’s influence is hard to ignore. While a reserve may only happen for a while, anything is possible in the world of crypto.
Source: https://www.cryptopolitan.com/bitcoin-reserve-why-not-dogecoin-reserve/