I was wondering recently why Elon Musk has such influence on the cryptocurrency market. The guy is a billionaire, CEO of Tesla and SpaceX, and his tweets can move entire markets. No wonder people have nicknamed him "Father Dodge." But what exactly does he hold in his crypto wallet?

It all started in 2021 when Tesla announced an investment in Bitcoin worth $1.5 billion. Musk then publicly admitted that Bitcoin is like a form of digital gold for him—a store of value that makes sense in the long term. Tesla later sold most of its BTC, but Musk confirmed that he personally still holds Bitcoin. Today, BTC costs around $78,500, so if he truly owns significant amounts, he’s done quite well.

Ether is the second pillar of his portfolio. Musk revealed this during a speech at a conference in 2021. Ethereum is for him more than just a regular cryptocurrency—it’s a platform for smart contracts, DeFi, NFTs, and a whole range of innovative applications. Ethereum is currently valued at about $2,300, and Musk sees a lot of future potential in it.

But the most interesting is Dogecoin. It’s definitely his favorite, and he’s never made a secret of it. From the times he started calling DOGE a “people’s cryptocurrency,” to ideas about payments at Tesla and SpaceX—Musk has changed the game for this coin. I like that he appreciates both its meme-like history and practical use. DOGE is now trading at around $0.11 and has a solid community behind it.

Of course, there are speculations about what else he might own. Shiba Inu, Floki Inu—there are various theories, but Musk officially denies owning SHIB. His tweets about dog memes always move the market, showing how powerful his influence is on the entire crypto ecosystem. It will be interesting to see how this develops in the future.