Dogecoin Strategic Reserve: From Joke to Potential Plan?
Billy Marcus, co-founder of Dogecoin, recently proposed a bold idea on Twitter: to establish a strategic reserve of Dogecoin in the United States. This idea originated from the discussion in the prediction market that former President Trump might promote the creation of a Bitcoin reserve, which triggered heated discussions in the crypto circle.
Although Dogecoin was originally just a joke project based on the Shiba Inu emoji, it has now become the sixth largest cryptocurrency with a market value of $55 billion. In contrast, Bitcoin has a market value of $1.8 trillion and ranks seventh in the world, even surpassing silver and Saudi Aramco. But with the support of technology giants such as Musk for Dogecoin, this meme coin has gradually gained more recognition, and its future potential is highly anticipated.
Although the current plan to establish a strategic reserve of Dogecoin is still in the conceptual stage, the rapid development of the crypto market makes everything possible. Analysts believe that Dogecoin may challenge its historical highs again, and the market's attention to its application scenarios is also increasing.
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