DOGECOIN (DOGE), once rejected as a joke cryptocurrency, has now been at the center of a very unconventional financial debate-could it be used to compensate for the imposing national debt of 33.9 billions of dollars of the United States?
Although the idea may seem bizarre, speculation has increased after Recent developmentsIncluding government discussions on the integration of blockchain and the creation of the Ministry of Government Effectiveness (DOGE), supported by Elon Musk.
DOGE DEPARTMENT AND Tax Innovation
Training of the Trump administration of Doges Department On January 21, fueled speculation that blockchain technology, and in particular Dogecoin, could be considered a tool to manage national finances. “We explore all the options to improve the effectiveness of the government, and digital assets are part of the conversation,” a source of the White House speaks anonymously.
The Ministry of Government Effectiveness (DOGE) deploys AI and robotics to discover hidden crimes and lead a new era of transparency. Source: Plethoral via x
Musk, a longtime defender of Dogecoin, referred to the potential role of Doge in economic policy. In a recent tweet, he suggested with playfulness: “What if we had just repaid the debt in Doge?” Crazy enough to work? Although they are probably joking, such declarations have added fuel to current speculation.
Can Dogecoin realistically reimburse the national debt?
For Dogecoin to be a viable asset to reimburse any part of the national debt, its value should assess considerably. Currently, DOGE Change hands About $ 0.25 with a market capitalization of around $ 37 billion. If Doge had to appreciate $ 1,000 per room, its market capitalization should exceed 147 billions of dollars – a cry of the combined value of the ten main S&P 500 companies.
Elon at the head of the accusation, Dogecoin tackles the government’s waste and transforms the national debt into a savings dashboard. Source: Cryptomagus via x
“The figures simply do not add up,” said Alex Thornton, principal analyst at Blockchain Insight. “Even if the US government was to adopt DOGE as a reserve asset, its extreme volatility and inflationary supply model would present significant risks.”
Speculation vs reality
Despite the required astronomical assessment, some analysts argue that the integration of Dogecon into government reserves or even as payment methods for federal services could stimulate adoption and strengthen its value. “If the government should support Dogecoin in any way, demand would increase,” said cryptography economist Rachel Martinez. “But reaching $ 1,000 per Doge is still very unrealistic unless we saw an economic paradigm change.”
The Dogecoin price (DOGE) is above the key support of $ 0.20. Source: Paper_trader1775 on tradingView
In addition, the concept of a coin playing a serious role in national finance raises legal and regulatory issues. The Securities and Exchange Commission (SEC) has not yet approved a Stock market negotiated funds (ETF), based in Dogecoin,Although Asset Manager Bitwise recently filed a term for one. Such ETF could be a springboard towards institutional adoption, but the generalized adoption of the government remains a distant possibility.
Accumulation of whales and market movements
Even without intervention by the direct government, Dogecoin has witnessed Increase in whale activity. Large holders have accumulated more than 100 million Doges in recent days, a trend often seen before major prices movements. This accumulation, associated with speculation on regulatory developments, has led some traders to believe that DOGE could soon lower the levels of past key resistance.
The technical indicators suggest that Dogecoin forms a model of ascending triangle, historically a Haussier signal. “If Doge crosses the level of $ 0.30, we could see an evolution around $ 0.50,” noted Scott Matherson, cryptographic analyst. “However, any discussion on DOGE striking $ 1,000 is purely theoretical at this stage.”
Pending: same or monetary revolution?
The idea that Dogecoin plays a role in US budgetary policy There remains more fantasy than reality. While the conversation around digital assets in the government increases, the Doge route to become an important asset of the national reserve is riddled with hedges.
Dogecoin (DOGE) was negotiated at around $ 0.25, up 2.12% in the last 24 hours at the time of the press. Source: Brave new room
For the moment, Dogecoin remains what has always been – a cryptocurrency focused on the community fueled by enthusiasm, speculationAnd a good part of memes. If it performs a serious role in the US economy It remains to be seen, but one thing is certain: the debate itself testifies to the distance to the crypto to reshape financial discussions.