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I noticed something interesting – when we talk about Elon Musk crypto, most people mainly think of Dogecoin and its famous tweets. But the story is more complicated than it seems. This guy, being the CEO of Tesla and SpaceX, has truly delved into the world of cryptocurrencies, and his market moves are watched by everyone.
It all started in 2021, when Tesla announced an investment in Bitcoin worth $1.5 billion. That was a breakthrough moment. Musk then publicly admitted that he considers Bitcoin as digital gold – a store of value. Although Tesla later sold most of its holdings, Musk himself confirmed that he still personally owns BTC. Today, Bitcoin costs around $79,430, with a slight decrease of 1.51% over the past 24 hours.
But Bitcoin isn’t everything. Ethereum is also in his portfolio. He revealed this during a speech at the Word ₿ conference in 2021. Ether, the second-largest cryptocurrency, attracts him with its smart contract capabilities and the entire DeFi and NFT ecosystem. Currently, ETH hovers around $2,260, also with a slight decrease of 1.02%.
But here comes Dogecoin – it’s his favorite, and he doesn’t hide it. From calling DOGE a cryptocurrency for the people, to promoting it as a payment method in Tesla and SpaceX, Musk has changed the game for this meme coin. He believes in its potential as a medium of exchange due to low fees and an active community. Interestingly, Dogecoin is now rising – $0.11 per coin, up 3.04%.
There are also speculations about Elon Musk crypto. Shiba Inu? Musk denies owning SHIB, but his tweets about other dog-themed memes cause market turbulence. Floki Inu, named after his dog, also attracts attention, though there’s no confirmation that he owns it.
This shows how one person can influence entire sectors of cryptocurrencies. His interest isn’t just investment – it’s more of a worldview on the future of money and technology.