Bitcoin Strategic Reserve Could Happen. Why Not Dogecoin, Says Co-Founder
Billy Markus, co-founder of Dogecoin, suggested the establishment of a U.S. Dogecoin strategic reserve amid the cryptocurrency's rise. This idea arose while discussing a potential Bitcoin strategic reserve proposed by President-elect Donald Trump, who previously indicated a desire for the U.S. government to acquire Bitcoin as a reserve asset. Currently, Bitcoin has a market cap of approximately $1.8 trillion, ranking it as the seventh-largest asset globally, while Dogecoin sits at about $55 billion. While Dogecoin, originally created as a joke based on an internet meme, gained popularity from endorsements by figures like Elon Musk, the prospect of a governmental reserve for it remains largely theoretical. Until a formal Bitcoin reserve is realized, the concept of a Dogecoin one is likely to be viewed as a humorous thought experiment rather than a serious proposition in the ecosystem.
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