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Elon Musk is practically the figure who has transformed the relationship between tech billionaires and cryptocurrencies. He is not only the CEO of Tesla and SpaceX but also a person who has greatly influenced crypto markets with his tweets. I’ve always wondered what Elon Musk’s actual cryptocurrency holdings are in his personal portfolio beyond public announcements.
Let’s start with Bitcoin. In 2021, it was a pivotal moment when Tesla announced a $1.5 billion investment in BTC. Although the company sold most of its holdings afterward, Musk confirmed that he personally continues to own Bitcoin. It’s easy to see why: Bitcoin remains the king of cryptocurrencies with unmatched market dominance. For Musk, it’s digital gold—a safe haven value amid market chaos.
Then there’s Ethereum. During the 2021 “The ₿ Word” conference, Musk revealed he also owns ETH. The reasoning is quite logical: Ethereum is the backbone of everything happening in the decentralized space, from smart contracts to DeFi and NFTs. It’s the second-largest asset by market capitalization, and Musk sees it as a significant player in the sector.
But Musk’s true love? That’s Dogecoin. He has never hidden this support—in fact, he’s called DOGE “the people’s cryptocurrency” and even promoted its use for payments at Tesla and SpaceX. Musk’s public support has been decisive for DOGE. He appreciates the meme-inspired origins of the coin but truly believes in its potential as a medium of exchange thanks to low fees and a very active community.
Now, there are also other speculations. Musk has denied owning Shiba Inu, but his tweets about “Floki” and other dog-themed coins have caused significant market movements. Floki Inu itself, named after his Shiba Inu dog, has attracted attention even though there’s no concrete evidence that Musk owns it.
What’s interesting is how Elon Musk’s cryptocurrency isn’t just about personal holdings but also market influence. Every move he makes sparks discussions. Recently, BTC is at $69.70K with a +3.87% increase in the last 24 hours, Ethereum around $2.15K, and Dogecoin at $0.09 with a +2.89%. If you’re trying to figure out which Elon Musk-related cryptocurrency might interest you, it’s probably better to follow his moves rather than chase every meme token he mentions. On Gate, you can monitor all these positions and make your own market assessments.