Elon Musk reaffirms support for Dogecoin, Tesla holds Bitcoin stash By Investing.com
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Crypto enthusiasts are closely monitoring Elon Musk’s cryptocurrency preferences after his latest comments at the Wall Street Journal CEO Council Summit today. Musk, known for his influential presence in the tech and space industries through companies like Tesla (NASDAQ:) and SpaceX, has a history of impacting the crypto market with his statements and actions.
Today, Musk expressed continued support for , a cryptocurrency he has favored publicly in the past. Despite featuring the Dogecoin symbol on his X (formerly Twitter) profile, he has been relatively silent on cryptocurrencies throughout the year, except to address and dismiss rumors about Dogecoin. His endorsement of the meme-based currency at the summit did not come with any indications of new investments.
In related news, Tesla’s third-quarter report revealed that the company has maintained its significant holdings. With 9,720 BTC in its possession, valued at $361 million, Tesla ranks third among public companies in terms of Bitcoin ownership. This disclosure comes at a time when Musk’s ventures have seemingly taken a step back from integrating cryptocurrency payments following his recent acquisition of Twitter.
Coinciding with Musk’s remarks, Dogecoin saw a notable increase in market activity today, with its value rising by 4.61% to $0.08077. This uptick reflects the market’s responsiveness to Musk’s influence in the cryptocurrency space.
Investors and spectators in the crypto markets remain attentive to Musk’s statements and movements, as they can have significant implications for market trends and valuations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters.
Crypto enthusiasts are closely monitoring Elon Musk’s cryptocurrency preferences after his latest comments at the Wall Street Journal CEO Council Summit today. Musk, known for his influential presence in the tech and space industries through companies like Tesla (NASDAQ:) and SpaceX, has a history of impacting the crypto market with his statements and actions.
Today, Musk expressed continued support for , a cryptocurrency he has favored publicly in the past. Despite featuring the Dogecoin symbol on his X (formerly Twitter) profile, he has been relatively silent on cryptocurrencies throughout the year, except to address and dismiss rumors about Dogecoin. His endorsement of the meme-based currency at the summit did not come with any indications of new investments.
In related news, Tesla’s third-quarter report revealed that the company has maintained its significant holdings. With 9,720 BTC in its possession, valued at $361 million, Tesla ranks third among public companies in terms of Bitcoin ownership. This disclosure comes at a time when Musk’s ventures have seemingly taken a step back from integrating cryptocurrency payments following his recent acquisition of Twitter.
Coinciding with Musk’s remarks, Dogecoin saw a notable increase in market activity today, with its value rising by 4.61% to $0.08077. This uptick reflects the market’s responsiveness to Musk’s influence in the cryptocurrency space.
Investors and spectators in the crypto markets remain attentive to Musk’s statements and movements, as they can have significant implications for market trends and valuations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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