You know that guy who just tweets about the cryptocurrency market? Well, Elon Musk really has an interesting portfolio when you stop to think about it. People always want to know which cryptocurrencies Elon Musk actually holds and why.

So, Bitcoin is obvious, right? Back in 2021, Tesla invested $1.5 billion in it. They sold most of it later, but Musk confirmed that he personally still owns BTC. It makes sense, the guy sees it as digital gold, the safest thing in the market. Today, it's around $78k, with that huge market dominance.

Ethereum is also in his portfolio. He mentioned it in 2021 at a conference. I think because he truly believes in the potential of smart contracts and everything built on the network, like DeFi and NFTs.

But what everyone knows is that Dogecoin is his favorite, that meme coin. He calls it "the people's cryptocurrency," wants to use it at Tesla and SpaceX for payments. The guy likes the relaxed vibe and believes that low fees make sense for real transactions. It's currently trading at $0.11.

There are also rumors about Shiba Inu and Floki Inu, which he denies owning, but when he tweets about dog-themed things, the market really moves. Floki is even named after his dog, but there's no confirmation that he actually holds it. Anyway, the impact that Elon Musk's cryptocurrencies have on the market is real, whether he's holding them or not.