Elon Musk Confirms Dogecoin Support, Tesla Keeps Bitcoin Stash.

Crypto enthusiasts are closely following Elon Musk's cryptocurrency preferences following his recent comments at the Wall Street Journal CEO Council Summit today. Known for his influential presence in the technology and space industries through companies such as Tesla and SpaceX, Musk has a history of influencing the crypto market with his statements and actions.

Today, Musk expressed his continued support for #Dogecoin , a cryptocurrency he has publicly preferred in the past. Despite featuring the Dogecoin symbol on his profile, X (formerly Twitter) has remained relatively quiet on the subject of cryptocurrencies throughout the year, other than addressing and denying rumors about Dogecoin. Its endorsement of the meme-based currency at the summit did not come with any indication of new investments.

In related news, Tesla's third quarter report revealed that the company maintained significant Bitcoin holdings. Tesla, which holds 9,720 #BTC worth $361 million, ranks third among public companies in terms of #Bitcoin ownership. This announcement comes at a time when Musk's startups are stepping back from integrating cryptocurrency payments following its recent acquisition of Twitter.

Coinciding with Musk's remarks, #Dogecoin saw a notable increase in market activity today, with its value rising 4.61% to $0.08077. This rise reflects the market's reaction to Musk's influence in the cryptocurrency space.

Investors and viewers in the crypto markets continue to pay attention to #Musk's statements and movements as they could have significant impacts on market trends and valuations.
$BTC $DOGE