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Would a Tesla–SpaceX Merger Be Bullish for Bitcoin? Careful What You Wish For

Summary

Speculation is growing regarding a potential merger between Tesla and SpaceX. Market observers are wondering if this corporate combination might drain liquidity from the cryptocurrency market. Analysts note, however, that a merger would not necessarily trigger the same Bitcoin selling pressure caused by a previous initial public offering.

As speculation about a possible Tesla-SpaceX merger continues to bubble, cryptocurrency market observers are asking a crucial question: could it drain liquidity from Bitcoin (CRYPTO: BTC) the way SpaceX’s (NASDAQ:SPCX) IPO once did? A Merger Wouldn’t Trigger the Same Bitcoin Selling an IPO Did Benzinga reported in October how analyst Benjamin Cowen previously linked Bitcoin’s weakness ahead of SpaceX’s IPO…

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