Yusko links Dogecoin upside to SpaceX value

• Investor Mark Yusko said Dogecoin could benefit from SpaceX's growing valuation.
• He pointed to Dogecoin's links with Elon Musk and future payment use cases.
• The comments added to debate over Dogecoin's long-term value.

Dogecoin (CRYPTO:DOGE) could gain from the rising value of SpaceX, according to investor Mark Yusko, who believes Elon Musk's support could strengthen the cryptocurrency's long-term outlook.

Yusko said Dogecoin's close association with Musk and the possibility of wider payment use could support future demand for the token.

“Dogecoin is really a call option on the value of SpaceX,” Yusko said.

He argued that if SpaceX continues to grow and adopts Dogecoin for more payments, the cryptocurrency could benefit from greater real-world use.

Yusko's comments reflect his personal view and do not confirm that SpaceX plans to expand its use of Dogecoin.

Dogecoin began as a meme cryptocurrency but has become one of the largest digital assets by market value, helped by repeated endorsements from Musk.

Investors continue to watch for signs that Musk's companies could expand Dogecoin payments beyond the products and services that already accept the token.

At the time of reporting Dogecoin price was $0.07418.