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So, have you ever wondered what Elon Musk really has in his wallet when it comes to crypto? The guy has literally moved markets with his tweets, earning himself the title of 'Dogefather.' Let’s just say his impact on cryptocurrencies is... significant.
I'll start with Bitcoin. In 2021, Tesla invested 1.5 billion dollars in BTC, and even though they sold a good portion afterward, Musk confirmed he still personally owns some. Currently, Bitcoin is at 80.80K, with a market dominance of 57.16%. He sees it as digital gold, basically.
Then there's Ethereum, the second-largest crypto by market cap. He revealed this himself at 'The ₿ Word' in 2021. Today, ETH is at 2.31K with a market cap of 278.61 billion. Musk appreciates smart contracts and everything related to DeFi and NFTs.
But Elon’s true love is Dogecoin. He has never hidden it, in fact. He pushed Tesla and SpaceX to accept it for payments. DOGE is now at 0.11, with a still very active community. Musk loves that it started as a meme but also has practical value.
Here comes the twist: there are speculations about Shiba Inu and Floki Inu. Musk says he doesn't own SHIB, but his tweets about dog-themed coins have always shaken the market. SHIB is currently at 0.00, while FLOKI (named after his dog) is even smaller at 0.00. Strange how the market works, right?