Strategic Reserve for Bitcoin Possible. Why No Dogecoin, Says Co-Founder

Miss a Bitcoin reserve—what about a Dogecoin state stash? &nbsp,

That’s the idea of the former-joke-now-serious-cryptocurrency’s leader, Billy Markus, who floated the idea on Twitter (aka X ). &nbsp,

” Why not national Dogecoin reserve tho]sic ]”, he wrote on the platform Friday.

Markus was responding to a projection market comment about bettors seeing an increase in the likelihood that Donald Trump would establish a corporate Cryptocurrency reserve.

Trump has recently stated that when in power, he would permit the United States government to purchase Bitcoins as a stockpile. The U. S. now has resources like property, Treasuries, and metal in its resources. &nbsp,

This month, Republican Senator Cynthia Lummis from Wyoming spoke primarily to about how a program like this would operate. &nbsp,

As Bitcoin gains momentum, floating such an idea is n’t as crazy as it sounds. With a market cap of$ 1.8 trillion, the orange coin is currently the seventh-biggest asset in the world, after this month overtaking both silver and Saudi Arabia’s petroleum and natural gas company, Saudi Aramco.

Dogecoin ( DOGE ), on the other hand, is the sixth-biggest cryptocurrency—and has a market cap of just$ 55 billion. Based on a well-known Internet joke about a Shiba Inu dog, the coin was made as a prank. &nbsp,

Elon Musk, a rumored U.S. government employee, and Tesla CEO, talked frequently about how much he liked the digital currency, but it gained velocity in 2020-2021. The tech entrepreneur and world’s richest man has also ( seemingly ) seriously spoken about how the asset could be used for payments. &nbsp,

Additionally, Wall Street analysts told that traditional investors may soon access the property through an exchange-traded bank ( ETF). Crypto experts furthermore informed that DOGE has plenty of room to run and that it could easily break its all-time high from 2021. &nbsp,

The leading joke coin is immediately taking things very seriously. The idea of a Dogecoin strategic reserve will probably stay merely a humorous thought until it actually becomes a reality. Stranger things have happened in bitcoin, nevertheless.