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I really thought again that Elon Musk truly loves cryptocurrencies.
It seems he views cryptocurrencies as a hedge against centralized control, and he actually allows payments in Dogecoin and Bitcoin at Tesla.
The most famous crypto asset Musk owns is definitely Dogecoin.
He even says he holds a "herd of Dogecoin," and he seems to like the casual, unserious vibe of this project.
There’s talk that DOGE could be used for Tesla vehicle payments, and I laughed when I heard that SpaceX is paying for satellite projects with meme coins.
Also, it’s said that Tesla’s Bitcoin holdings are worth about $778 million.
That’s really whale-level. But Musk mentioned he personally only owns about 0.25 BTC, so he probably separates his personal assets from the company’s.
He’s also publicly stated he owns Ethereum, and when he announced that at the B Word Conference, ETH apparently jumped 12%.
I really feel again that Elon Musk is serious about cryptocurrencies, and it has a pretty big impact on the market.
It’s interesting how just one of his statements can move the charts.