Elon Musk Reveals He Still Holds Dogecoin, Spacex Owns ‘A Bunch of Bitcoin’
In discussions about X spaceTesla CEO Elon Musk revealed that he still owns a bunch of Dogecoin and his company SpaceX still owns a bunch of Bitcoin. In the meantime, the community is waiting for a rebound in these assets and Bitcoin to cross the $100,000 mark soon.
The Tesla CEO has long been a Dogecoin advocate and is known for causing price fluctuations in the meme coin through his endorsement. He previously revealed that he personally owns DOGE, BTC and ETH. This recent comment has sparked excitement within the community.
Additionally, Musk’s involvement as leader of the “Department of Government Efficiency” has also reignited interest in Dogecoin. Since its recent announcement, the meme coin has seen weekly gains of around 25%. It is currently trading at $0.37, up more than 2% in the past 24 hours.
The market also reacted positively to the news that SpaceX is retaining its Bitcoin holdings, especially after previous reports suggested that its cryptocurrency exposure may be reduced.
Musk defends DOGE
Musk recently supported Dogecoin explain “I think Dogecoin’s flat inflation, which means the inflation percentage decreases, is a feature, not a bug,” this was in response to Dogecoin co-founder Billy Marcus, who advised users that if they don’t Like the inflation of Dogecoin, I recommend canceling the inflation of Dogecoin. .
Marcus noted that increasing inflation “is ideal for something as a currency, a steady predictable decline in inflation,” which is “much lower than the dollar.”
In the current bullish market situation, Musk’s remarks about Space X holding a large amount of BTC may cause market speculation. Since Space Bitcoin is currently trading at $92,049, up more than 1% in the past 24 hours.
