Quote from: Renampun on April 04, 2025, 12:39:33 PM

Quote from: kotajikikox on April 01, 2025, 05:49:41 AM

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 the beginning, Elon Musk has stated that he has nothing to do with Dogecoin, he just shilled about Dogecoin since the beginning but many people think he has something to do with the Dogecoin development team, speculators really know the moment. Currently, Elon Musk is leading D.O.G.E but has nothing to do with Dogecoin so don't expect the price of Dogecoin to reach $1, that's impossible.

Because Elon keeps shilling about Doge does not mean that he's in partnership with them. He has already make it known to many that he is not in any partnership or have nothing to do with Doge so anybody that thinks Elon will keep shilling Doge for as long as possible maybe doing themselves harm. The price could fall but will still retain it balance because that's the kind of memecoins and we need to understand that fact. Let's keep watching how this will play out now that we have known that Elon has nothing to do with Doge.