Elon Musk, a tech world icon and billionaire, remains loyal to #Dogecoin , as evidenced by his recent statement about retaining a substantial amount of this cryptocurrency. Dogecoin, which originally emerged as a light-hearted joke, gained fame partly due to Musk's support in 2021. Remarkably, Musk mentioned that his company SpaceX also owns bitcoins, demonstrating his broader interest in digital currencies, not just Dogecoin.
Elon Musk Confirms: "I Still Own Dogecoins"
During a recent discussion in X Space (formerly known as Twitter Space), billionaire Elon Musk openly confirmed that he still owns dogecoins. His ongoing support for this unique cryptocurrency has made it his preferred digital asset within a wide range of cryptocurrencies.
A source from the bitcoinist on Twitter reports that Musk continues to hold Dogecoin and also reveals that SpaceX owns a significant amount of bitcoins. This comes despite Tesla previously selling 75% of its bitcoin holdings.
Musk's Dual Crypto Loyalty: Dogecoin and Bitcoin
Contrary to the crypto community's expectations, Musk has kept his Dogecoins and emphasized that SpaceX holds a significant amount of bitcoins. This indicates Musk's diversification in digital assets and his interest in both Dogecoin and Bitcoin.
The Transformation of Musk's Influence on the Dogecoin Market
In 2021, Dogecoin's price could be easily shifted by a simple tweet or mention by Musk. However, Musk's recent comments on Dogecoin have not elicited the same market response as in the past. Although Dogecoin's price rose by a modest 6% following Musk's statement, it suggests a departure from earlier trends, where Musk's words had a significant impact on market movements.
Why Musk's Support for Dogecoin Still Matters
Even though Dogecoin no longer exhibits such dramatic jumps as before, the Dogecoin community still pays attention to Musk's words. Dogecoin enthusiasts, such as #Doge Influencers, continue to share Musk's views. Musk's support for Dogecoin still plays an important role for its fans, even if the price doesn't soar as high as before.
#SpaceCatch #CATCH #crypto2024SpaceCatch
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“