I read that Elon Musk owns quite a few cryptocurrencies, and honestly, some details surprised me. So the guy started with Bitcoin in 2021 when Tesla invested $1.5 billion. Even though they later sold quite a lot, Musk says he still personally owns some of it. In my opinion, he sees it as digital gold—a serious store of value.

But here’s where it gets interesting: he also owns Ethereum, the second-largest cryptocurrency by market cap. He confirmed it at a conference a few years ago. I get why—Ethereum is the foundation of everything in DeFi, NFTs, and all those blockchain applications. It’s an important player for him.

And then there’s Dogecoin, his favorite. He’s never hidden it—quite the opposite. He calls it “the people’s cryptocurrency,” and he wanted to have it used for payments on Tesla and SpaceX. Musk appreciates the meme side of it, but he truly believes in its potential as a medium of exchange—low fees, an active community.

The thing that struck me the most is all the gossip about other coins. Musk denies owning Shiba Inu, but his tweets about dogs and memes have moved the market. Same story with Floki Inu, which is named after his dog. There’s no proof that he owns them, but the mere fact that he talks about them moves everything.

It’s crazy how one person can influence the cryptocurrency market that much, right? Like, Elon Musk tweets and the price moves. Anyway, this guy’s cryptocurrency portfolio is pretty diversified when you consider everything behind it.