Dogecoin Co-Founder Proposes National DOGE Reserve Following Bitcoin Reserve Discussions

Dogecoin as a National Reserve Asset

Dogecoin co-founder Billy Markus has proposed the creation of a U.S. Dogecoin Strategic Reserve. This concept mirrors traditional currency reserves held by nations, aiming to bolster economic stability and market confidence.

The idea follows President-elect Donald Trump's initiative to establish a national Bitcoin reserve, which has gained support in several states, including Pennsylvania. Markus, known as Shibetoshi Nakamoto, suggests that Dogecoin join Bitcoin as a strategic reserve asset.

Case for a Dogecoin Reserve

Dogecoin, a meme-based cryptocurrency created in 2013, has garnered significant attention, particularly through endorsements from Elon Musk. Its market capitalization currently stands at approximately $54.7 billion.

Tesla's acceptance of Dogecoin for merchandise purchases and the recent resolution of a legal dispute involving Elon Musk and Dogecoin have further enhanced its appeal.

Markus' proposal raises questions about the role of meme coins in government financial strategies. The rapid ascent of both Bitcoin and Dogecoin highlights the evolving financial landscape.

A U.S. Dogecoin Reserve could provide a buffer against price volatility and instill confidence among investors and financial institutions.

Recent Dogecoin News

Spirit Blockchain Capital recently acquired Dogecoin Portfolio Holdings Corp., encompassing assets such as a Dogecoin payment gateway, ETF platform technology, and $383,000 in cash. Spirit is considering launching a Dogecoin-focused exchange-traded product.

At the time of writing, DOGE has experienced a 2.22% increase in the past day and a 29.13% surge in the past week, reaching a price of $0.3723.