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Renowned billionaire Elon Musk has a significant connection to the cryptocurrency ecosystem, especially with the development of Dogecoin. The recent revelation in a Space session on the X platform indicates that Musk still holds a substantial amount of Dogecoin and has not sold any. Dogecoin is his favorite cryptocurrency.
In addition to Dogecoin, Musk mentioned that his space exploration company, SpaceX, holds a significant amount of Bitcoin. His other companies, such as Tesla, also have cryptocurrency assets, particularly Bitcoin.
During an event hosted by Ark Invest founder Cathie Wood, Musk expressed his commitment to establishing a colony on Mars by 2050. He hinted at the feasibility of using Bitcoin on Mars, although it may face certain challenges.
Musk's affection for Dogecoin is evident not only in his continued ownership but also in his humorous response to the recent SEC mishap. When asked about the SEC's X platform password, Musk sarcastically replied, "LFGDogeToTheMoon," suggesting Dogecoin heading to the moon.
Despite Musk's past tweets significantly impacting Dogecoin's price, recent posts about Dogecoin appear to have a less dramatic effect. Musk, often referred to as "Doge Father," has contributed to the cryptocurrency's popularity, but its influence has diminished in recent times.
It's worth noting that the recent surge in Dogecoin may not be solely attributed to Musk's remarks. The approval of Bitcoin spot ETFs and the overall recovery trend in the cryptocurrency market could also play a role. Dogecoin's price movements seem less influenced by Musk's tweets compared to the past. |
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Post time 21-1-2024 12:57:11