Dogecoin To Join Trump’s Crypto Reserve? Elon Musk Reacts

Yesterday, March 2, US President Donald Trump announced the establishment of a US “strategic crypto reserve” designed to bolster America’s position in the crypto sector. The reserve will initially include major cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana (SOL), and Cardano (ADA) – not Dogecoin (DOGE). In the wake of this announcement, the broader cryptocurrency market surged by over $300 billion in market capitalization, reflecting significant investor enthusiasm for Trump’s crypto endorsement.

Does Dogecoin Have A Chance?

Despite the wide-ranging support for digital assets, Dogecoin was conspicuously absent from Trump’s initial list of reserve currencies. Nonetheless, Dogecoin experienced a robust rally, spiking by as much as 16% at one point before settling at a 7.5% increase over the past 24 hours as of press time.

Adding a touch of levity to the discussion, Shibetoshi Nakamoto (@BillyM2k), also known as Billy Markus and co-creator of Dogecoin, highlighted the domestic origins of the cryptocurrency. He jokingly tweeted: “I just wanna reiterate that dogecoin was created in the USA, in Portland Oregon. Source: me”.

The official Dogecoin account on X responded succinctly to the unfolding debate with a terse message: “@realDonaldTrump, bruh.” Within 15 minutes of these exchanges, Elon Musk, known for his influential presence in the crypto space, reacted with the “Face with Tears of Joy” emoji. It remains unclear whether Musk genuinely supports the idea behind DOGE being included in the crypto reserve or if he is simply amused by the meme aspect.