Dogecoin and US Reserves: Trump’s Bitcoin Reserve Plan Inspires Dogecoin Reserve Proposal by Markus
Amid Dogecoin’s most recent surge, Billy Markus, one of its co-founders, proposed the notion of a U.S. DOGE strategic reserve.
Why not national Dogecoin reserve tho sic,
Markus
Markus was replying to a tweet by prediction market Kalshi regarding the growing likelihood that bettors will establish a strategic Bitcoin reserve in anticipation of President-elect Donald Trump. Trump has stated that he will allow the U.S. government to purchase Bitcoin as a reserve asset once he is in office. The United States already has gold in its reserves, land, and Treasury securities.
Bitcoin Becomes World’s 7th Largest Asset, Dogecoin Follows with $55B Valuation
It’s not as insane as it seems to float such a concept as Bitcoin gets traction. Orange currency, which has a market value of $1.8 trillion, has surpassed both silver and Saudi Aramco, the country’s oil and gas business, this month, making it the seventh-largest asset in the world.
The sixth-largest cryptocurrency, Dogecoin (DOGE), has a market valuation of only $55 billion. The coin was made as a meme and was inspired by a Shiba Inu dog that was widely shared online. Elon Musk, the CEO of Tesla and a future employee of the US government, frequently mentioned how much he enjoyed virtual currency, which helped it gain traction in 2020–2021. The richest man in the world and a tech entrepreneur have also had serious conversations about using assets as payment methods.
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