Cardano founder Charles Hoskinson recently made statements about Elon Musk’s Dogecoin holdings, claiming that the Tesla CEO could own up to 20% of the Dogecoin offering.
The question of Elon Musk’s Dogecoin holdings
In a recent interview with Tony Edward on The Thinking Crypto Podcast, Hoskinson raised the possibility that Musk could own a significant share of the Dogecoin offering. He pointed out that Musk has always shown a particular interest in Dogecoin, even being dubbed the “Dogefather” at one point. Hoskinson also mentioned that Musk’s influence on the cryptocurrency market is undeniable. This speculation about Musk’s ownership of Dogecoin could have significant implications for the future of cryptocurrency.
Implications for the cryptocurrency market
If Hoskinson is right, this could have significant implications for the cryptocurrency market. Dogecoin is one of the most popular and widely adopted cryptocurrencies, and significant ownership by Musk could influence the cryptocurrency’s price. Such influence could lead to increased volatility and unpredictable price movements. What’s more, the revelation of this information could also draw further attention from regulators to Musk’s practices in the cryptocurrency market.
Musk’s reactions
Musk recently confirmed that he owned Dogecoin, but did not reveal the exact amount. He also claimed that SpaceX maintained holdings in Bitcoin. This has sparked speculation about the exact nature of his Dogecoin holdings. This ambiguity fuels discussions about Musk’s potential influence on the Dogecoin market. Investors and analysts remain alert to any new information that might clarify the extent of his involvement.
