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Have you ever stopped to think about which cryptocurrencies Elon Musk actually has in his wallet? I mean, the guy deals so much with Bitcoin, Ethereum, and Dogecoin that it's hard to keep up.
What we really know is that back in 2021, Tesla invested $1.5 billion in Bitcoin, but then sold most of it. Still, Musk himself confirmed that he personally still holds Bitcoin because he sees it as digital gold, you know? And Ethereum is also in his portfolio; he revealed that at the The ₿ Word conference. It makes sense because Ethereum is the foundation of everything happening in DeFi and NFTs.
Now, Dogecoin is like Musk's favorite. The guy calls it the people's crypto, promotes using it at Tesla and SpaceX, and doesn’t hide his support. He likes its meme origins but also believes in its potential as a transaction currency.
There’s speculation about other coins like Shiba Inu and Floki Inu (which is named after his dog), but that’s more in the realm of theory. What’s certain is that Elon Musk and cryptocurrencies are always linked, and any move he makes impacts prices. It’s interesting how one person can move an entire market like that, right?