Dogecoin Owner Elon Musk Shares Space X Bitcoin Relationship!

Elon Musk said during a frank X Spaces conversation that he still owns a lot of Dogecoin (DOGE) and Space X owns a lot of Bitcoin. His revelation comes as the community wants these assets to rise and Bitcoin to reach $100,000.

Dogecoin's price has fluctuated due to Elon Musk's longtime encouragement. This recent statement sparked communal enthusiasm. The community expects memecoin prices to change.

Dogecoin has also gained popularity due to Elon Musk's “Department of Government Efficiency” leadership. DOGE rose 0.1% to $0.36 in the previous 24 hours after his statement, and the memecoin has gained 25% in the week.

SpaceX keeping its Bitcoin holdings has also boosted the market, especially after prior rumors predicted a drop in crypto exposure.

Bitcoin is already bullish, so this news fuels it. Market watchers say Elon Musk's statements on Space X's BTC holdings might hype the market. Since Space X is an institution, this statement may encourage other institutional investors to buy BTC. All of these might spark community outrage and boost BTC prices.

BTC is now $89,000, but the expert expects it to rise following the Space X owner's statement. Increased institutional investment might push BTC beyond $100,000 by week's end.

Musk's comments reinforce his influence on bitcoin developments. While he doesn't speculate on pricing, his endorsements have always boosted Bitcoin values.

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