In a recent X Space event, Elon Musk, the renowned billionaire and CEO of Tesla and SpaceX, reaffirmed his unwavering support for Dogecoin. 

Musk, known for his influential presence in the tech industry, disclosed that he personally holds Dogecoin, while his space exploration company, SpaceX, remains invested in Bitcoin.

Elon Musk Is Bullish on Dogecoin 

The recent revelation aligns with Elon Musk’s history of boosting Dogecoin’s profile. In 2021, his endorsements propelled the meme coin to unprecedented heights. Despite the bear market, Musk’s affinity for Dogecoin remains steadfast, demonstrating his belief in the cryptocurrency’s potential.

While Tesla, another Musk-led venture, also includes Bitcoin in its assets, Musk’s personal choice leans towards Dogecoin. 

“I still own a bunch of Dogecoin, and SpaceX owns a bunch of Bitcoin,” Musk explained.

Interestingly, the impact of Musk’s statements on Dogecoin’s value seems to be diminishing. Unlike the dramatic surges following his 2021 tweets, recent revelations have only slightly nudged DOGE’s price. 

The 7.7% price increase Dogecoin has seen this week aligns with a general uptrend in the crypto market, spurred by the US Securities and Exchange Commission’s (SEC) approval of spot Bitcoin ETFs.

Read more: Dogecoin vs. Bitcoin: An Ultimate Comparison

Go to Source to See Full Article
Author: Harsh Notariya

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details