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It's interesting that the richest person on the planet owns in his crypto portfolio. Elon Musk has long become a symbol of the crypto market with his tweets and statements that can shake the markets. He has even been called the "Father of Dogs" for his love of meme coins. But let's figure out exactly which cryptocurrencies he holds and why.
Let's start with Bitcoin. Back in 2021, Tesla announced an investment of $1.5 billion, which was a serious signal to the market. Although the company later sold most of its BTC, Musk himself confirmed that he continues to personally own Bitcoin. Currently, Bitcoin is trading around $82,000 with a market capitalization of over $1.6 trillion. For Musk, it's digital gold, a reliable store of value.
Ethereum is the second-largest cryptocurrency, and it’s also in his portfolio. Musk mentioned this at the 2021 conference The ₿ Word. Ethereum attracts him with its smart contract capabilities, which power the entire DeFi and NFT ecosystem. The current ETH price is about $2,400, making it a serious player in the crypto space.
But Musk's main love is Dogecoin. He doesn't hide his attitude towards DOGE, calling it a people's cryptocurrency and even suggesting using it for payments at Tesla and SpaceX. Currently, DOGE is trading around 12 cents. Musk is drawn to Dogecoin by its amusing origin, low fees, and active community.
Besides the main trio, there are rumors about other coins. Musk denies owning Shiba Inu, although his tweets about dog coins cause significant market movements. Floki Inu was named after his Shiba, but there’s no proof of ownership.
That’s the portfolio of this tech billionaire. It’s clear that Musk chooses cryptocurrencies not just randomly — he looks at their potential and philosophy. It’s interesting to watch how his interest in crypto influences entire markets.