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?
Lol! Does that mean people have actually expected that dogecoin will be accepted by the US government some day??? That's crazy speculation!
People might have forgotten that dogecoin is a memecoin. Having a department name as DOGE doesn't actually mean nothing for the dogecoin in reality.
I appreciate Elon Musk for spitting the truth and burst the bubble. It's always better to set the expectations right.