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Dogecoin (DOGE) Founder Makes Mind-Blowing DOGE Proposal for the US

Dogecoin (DOGE) Founder Makes Mind-Blowing DOGE Proposal for the US

BitcoinsistemiBitcoinsistemi2024/11/17 08:22
By:Mete Demiralp

Dogecoin founder Billy Markus, in his statement on X, made a Dogecoin proposal for the US administration.

While the idea of a Bitcoin strategic reserve is gaining traction in some circles, Dogecoin co-founder Billy Markus has posed an amusing yet intriguing question: Why not a national Dogecoin reserve?

Markus, who is known for creating Dogecoin as a fun experiment in 2013, shared his thoughts on Twitter (X) yesterday.

“Why not a national Dogecoin reserve?” he tweeted, sparking discussion about the potential for alternative cryptocurrencies in state reserves.

Republican Senator Cynthia Lummis, a staunch Bitcoin advocate, also added further weight to the idea by discussing how such a plan could work.

Bitcoin, currently the world's seventh-largest asset with a market value of $1.8 trillion, has shown its growing influence on global markets by overtaking silver and Saudi Aramco this month.

Related News Why are Altcoin Sluggish? Analysis Company Reveals the Forecast Course of Altcoins for the Next Period

Dogecoin remains the sixth-largest cryptocurrency with a market cap of $55 billion, though it doesn’t match Bitcoin’s scale. The Shiba Inu-inspired cryptocurrency gained significant traction during the 2020-2021 bull market thanks to the backing of influential figures like Elon Musk. Musk, who is now a prominent figure in both tech and government, has brought some seriousness to what started as a joke project by frequently hinting that Dogecoin could be used for payments.

While the idea of a Dogecoin reserve may sound far-fetched, Wall Street analysts believe the asset could soon gain wider acceptance, suggesting that Dogecoin could eventually find its way into traditional investment vehicles like exchange-traded funds (ETFs).

*This is not investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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