Elon Musk’s #Tesla transfer of all #Bitcoin ($760 million) to an unknown wallet has raised concerns that the company may be preparing to sell a large amount of Bitcoin. If this happens, it will likely put downward pressure on $BTC in the short term, especially since Tesla is one of the largest Bitcoin holders. This is further evidence that Musk has previously expressed his distrust of Bitcoin, especially when he canceled plans to accept BTC payments due to environmental concerns.

Meanwhile, Musk has shown long-term support for #Dogecoin (DOGE), even publicly calling $DOGE his “favorite” on multiple occasions. This suggests that DOGE has long-term growth potential, especially with Musk’s support. With this information, investors may see BTC prices drop in the short term, but DOGE has the potential to grow well in the long term thanks to the trust of Musk and the crypto community.#Write2Win