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I saw this article about which coins Elon Musk holds in his wallet, and honestly, it's interesting.
So, the guy confirmed he owns Bitcoin, Ethereum, and Dogecoin, which is basically his favorite currency.
With Bitcoin at nearly $80K and a market dominance of 57%, I understand why he considers it digital gold.
Ethereum is at $2.36K, and Musk sees it as essential for the entire DeFi and smart contract sector.
But the funniest part is Dogecoin. Musk calls it the people's currency, promoted it on Tesla and SpaceX, and now it's at $0.11 with a market cap of $17 billion.
He basically turned a meme into something serious.
Then there are speculations about Shiba Inu and Floki Inu, which are named after his dog.
He denied owning SHIB, but his tweets about these dog-themed coins have always moved the market.
Floki was named after his Shiba Inu, although it's unclear if he actually owns it.
The curious thing is that Musk has managed to influence the cryptocurrency market just with his comments.
Every time he tweets about a coin, Elon Musk, the price moves.
I don't know if that's good or bad for the market, but it's definitely powerful.
What do you think, are these coins Musk supports good investments or just hype?