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I noticed an interesting thing — many people still argue about which cryptocurrencies Elon Musk actually holds. Let’s figure it out because his crypto portfolio sparks quite a bit of discussion in the community.
Let’s start with the most obvious. Bitcoin was Musk’s first step into the crypto world. When Tesla announced a $1.5 billion investment in 2021, it was a big event. Yes, the company later sold most of it, but Musk himself confirmed that he personally holds BTC. Currently, Bitcoin is trading around $79.58k, and its market dominance remains impressive — over 57% of all crypto. For Musk, it’s more like digital gold than a speculative asset.
Next is Ethereum. At the 2021 The ₿ Word conference, Musk mentioned that he owns ETH. The second-largest crypto by market cap, with a current price of $2.26k, is a serious player. Smart contracts, DeFi, NFTs — this entire ecosystem is built on Ethereum. Musk clearly sees it not just as a coin, but as the infrastructure of the future.
But Musk’s true love is Dogecoin. He doesn’t hide it. From jokes about DOGE to attempts to integrate it into Tesla and SpaceX payments — it’s not just an investment, it’s a philosophy. With a price of $0.11 and a market cap of $17.50 billion, DOGE remains a symbol that crypto can be both serious and fun at the same time. Low fees, an active community — that’s why Musk believes in this cryptocurrency as a means of exchange.
There are also rumors worth mentioning. Shiba Inu, Floki Inu — there’s constant talk around them. Musk denies direct ownership of SHIB, but his tweets about dog-themed coins always cause market movements. Floki is named after his dog, but whether he owns it is unclear. Nevertheless, Musk’s influence on dog-themed cryptocurrencies is undeniable.
Overall, Elon Musk’s crypto portfolio reflects his vision of the future — from the classic Bitcoin as a store of value to the playful DOGE as a popular cryptocurrency. It’s fascinating to see how one person can influence an entire market so significantly.