While the idea of a Bitcoin strategic reserve gains traction, Dogecoin co-founder Billy Markus has posed an intriguing question: could there be a national Dogecoin reserve?

Markus, who created Dogecoin as an experiment in 2013, sparked discussion on Twitter. "Why not a national Dogecoin reserve?" he tweeted, raising the possibility of alternative cryptocurrencies in state reserves.

Senator Cynthia Lummis, a Bitcoin advocate, also explored the concept, discussing its potential implementation.

Bitcoin, the world's seventh-largest asset with a value of $1.8 trillion, has surged past silver and Saudi Aramco this month, demonstrating its growing influence.

Dogecoin remains the sixth-largest cryptocurrency with a market cap of $55 billion, though smaller than Bitcoin. Endorsed by Elon Musk, Dogecoin gained popularity during the 2020-2021 bull market. Musk's involvement has lent credibility to the initially humorous project, hinting at Dogecoin's potential for payments.

The idea of a Dogecoin reserve may seem unusual, but analysts predict its wider acceptance in the future. Dogecoin could potentially find its place in traditional investment vehicles such as ETFs.

This does not constitute financial advice.