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I noticed an interesting thing: every tweet from Elon Musk about crypto causes a wave in the market. The guy literally flips trends with a single phrase. But what does the tech billionaire actually hold in his portfolio? Let’s figure out which crypto Musk really uses for his financial strategy.
Let’s start with the classics. Bitcoin is what Musk calls digital gold, and for good reason. In 2021, Tesla announced investments in BTC worth $1.5 billion, and Musk himself confirmed that he personally holds the coins. Although the company later sold most of it, the boss himself did not exit. Currently, Bitcoin trades around $81,000 — the king of cryptocurrencies with 57% market dominance. It’s a serious asset for a serious person.
Then comes Ethereum. At the same conference, The ₿ Word in 2021, Musk revealed that he holds ETH. It’s understandable — it’s the foundation of all DeFi and NFT ecosystems. The second-largest asset by market cap is now worth about $2,300 and controls nearly 10% of the crypto market. Musk sees it not just as a coin, but as a tool for innovation.
But here’s what’s funny — his favorite is Dogecoin. He has never hidden that he believes in DOGE. From calling it “the people's cryptocurrency” to proposing to accept DOGE at Tesla and SpaceX — that was a master class in influence. Currently, DOGE trades at around $0.11, and it has a huge community. Musk appreciates it for low fees and the meme spirit that attracts ordinary people to crypto.
There are also rumors about other coins. Shiba Inu — Musk officially denies holding SHIB, but his tweets about dog coins like Floki Inu cause serious movements on charts. Floki, by the way, is named after his dog, but there’s no proof of ownership. It’s more about influence than portfolio.
Overall, Musk’s crypto is a mix of serious assets (BTC and ETH) and belief in community-oriented projects (DOGE). The guy doesn’t just invest, he sets trends. And it works — every time he says something about cryptocurrencies, the market reacts.