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# What's Actually in Elon's Crypto Wallet? Breaking Down the 'Dogefather' Effect



Here's the thing: when Elon tweets, markets move. Whether it's Tesla's $1.5B Bitcoin flex back in 2021 (later dumped most of it, btw) or his Dogecoin shilling, the man's portfolio is basically a market-moving machine.

**The confirmed holdings:**
- **Bitcoin**: Elon still personally hodls BTC despite Tesla selling. He sees it as digital gold—boring but solid.
- **Ethereum**: Confirmed at the ₿ Word conference. Smart contracts and DeFi infrastructure align with his tech vision.
- **Dogecoin**: The wild card. Tesla and SpaceX accept it for payments. Musk genuinely believes in low fees + community vibes over hype.

**The unconfirmed drama:**
Denies holding Shiba Inu (SHIB), but his tweets about his dog "Floki" have pumped dog-themed coins anyway. This man doesn't even need to buy—he just mentions his pets and tokens moon.

**Why it matters:**
Musk's crypto choices aren't just portfolio picks; they're market catalysts. His endorsement literally turned Dogecoin from a 2013 joke into a $10B+ asset class. Whether you love or hate it, his involvement signals which blockchain narratives Silicon Valley actually believes in.

Bottom line: Follow the tech, not the man. But yeah, his portfolio moves are worth paying attention to.
BTC-1.48%
DOGE-3.16%
ETH-2.5%
SHIB-1.88%
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