Jun 12, 2026 1:58 PM
SpaceX’s $1.77 trillion IPO is actively cannibalizing Bitcoin. Investors are liquidating BTC to rotate capital into Elon Musk’s empire, proving that "digital gold" is being abandoned the moment a high-profile equity opportunity arises. While some argue SpaceX holding 18,712 BTC validates the asset, the current selloff suggests the IPO is a direct threat to crypto market stability. Is SpaceX a more attractive investment than Bitcoin right now?
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