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When talking about influence on the crypto market, it's hard not to remember Elon Musk. His tweets can move prices, and his statements cause waves of speculation. But what does this tech mogul actually hold in his portfolio? I’ve analyzed his cryptocurrency assets.
Let's start with the most obvious — Bitcoin. Back in 2021, Tesla announced a $1.5 billion investment in BTC, which was a serious signal to the entire market. Musk confirmed that he personally owns Bitcoin, although the company later sold most of its holdings. For him, it’s digital gold — assets for preserving value. Currently, BTC trades around $78,000 with a market share of over 57%.
Ethereum is the second-largest cryptocurrency by market capitalization, and it’s also in his portfolio. Musk revealed this at the 2021 conference The ₿ Word. Why ETH? Because it’s the foundation for smart contracts, DeFi, NFTs, and all kinds of innovative blockchain applications. Ethereum is now worth about $2,300.
And then there’s Dogecoin — this is actually his favorite story. Musk doesn’t hide his fondness for DOGE, calling it the people's cryptocurrency, promoting it for payments at Tesla and SpaceX. Here’s the interesting part: Elon Musk’s cryptocurrency, which started as a meme, is now taken seriously thanks to his support. Low fees, an active community — that’s why DOGE catches his attention. The coin is currently trading at around $0.11.
Regarding other assets — there are rumors about Shiba Inu and Floki Inu, but Musk denies direct ownership. His tweets about dog coins cause market movements, but this is more influence than actual investments. Musk’s cryptocurrency portfolio remains mainly focused on these three whales: Bitcoin as a store of value, Ethereum as the platform of the future, and Dogecoin as his personal favorite with a philosophy of accessibility.