Elon Musk announces that as far as his information goes, dogecoin is not being considered by the US government. This has caused for a decline in price of dogecoin but what do you think of this information regardless if you are holding doge or not.
I think it is only right for some memecoins to not be part of the plans of the government. Not all cryptocurrencies can and should be part of the strategic reserve. This will undermine the novelty of bitcoin being part of strategic reserve and as a currency. But I also am confused since XRP and Solana were mentioned by Trump to be added to the strategic reserve. It made me question why not doge since Elon Musk is such a known close associate of Trump.
Does Elon not have much influence on the government as much as we think or he just did not push for doge at all?
Since ELOn musk play some roll over U.S election that made cryptocurrencies users to supported the new administration to be into power today, I guess the government will consider dogecoin to be part of their coins reserve for dogecoin teams to benefits from the government. We know that many government always choose BTC as the first coin to be in their reserve before chosing other cryptocurrencies to be in their reserve to boost their economic of the country, which is what this current president is trying to do to reduce the global inflation.
Anything can happen before the final announcement from the Trump about the coins to be their reserve, and I have that confident that dogecoin will be among the coins that will be U.S reserve.