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So, I recently read that Elon Musk has an interesting collection of cryptocurrencies. It's not exactly a secret – the guy talks about crypto on Twitter almost every week. But I was struck to find out how many different coins he actually holds in his wallet.
Let's start with Bitcoin. Musk considers it digital gold, and Tesla invested 1.5 billion in 2021. Even though they sold a good part, he still owns some personally. Currently, BTC is at 78.41K with a market dominance of 57.47% – practically the undisputed king of crypto.
Then there's Ethereum, which Musk confirmed he owns during the 2021 The ₿ Word conference. ETH is now worth 2.30K and is the foundation of DeFi and NFTs. It makes sense that he appreciates it.
But Musk's true love? Dogecoin. He calls it the 'people's cryptocurrency' and has never hidden his love for it. DOGE is today at 0.11 and has an incredible community behind it. Its low fees make it practical for payments, and Musk really believes in it.
The interesting part is that there are rumors about other coins – Shiba Inu and Floki Inu (Musk's dog!). He hasn't confirmed anything, but his tweets about these projects always cause market movements. SHIB has a market cap of 3.70B, FLOKI 311.39M. In short, when Elon talks about crypto, the market listens. Which of these coins do you hold?