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I just reviewed some interesting things about cryptocurrencies that really move Elon Musk. This guy has earned the reputation of "The Dogefather" for his tweets that literally shake the markets, but there's more to his crypto portfolio than it seems.
Let's start with Bitcoin. Musk publicly adopted it in 2021 when Tesla invested $1.5 billion in BTC. Although Tesla has sold most of its holdings, Musk himself confirmed that he still personally owns Bitcoin. He sees it as "digital gold," a serious store of value. Today, it's around $77.2K, not bad for the king of cryptocurrencies.
Next is Ethereum, which is also part of Musk's portfolio. He mentioned it during his appearance on The ₿ Word in 2021. ETH has everything Musk values: smart contracts, DeFi, NFTs, innovative applications. It’s the backbone of the blockchain revolution. Currently, it trades around $2.13K.
But if there's one thing that defines Musk in the crypto world, it's his obsession with Dogecoin. DOGE isn't just a holding for him; it's almost a mission. He has called it "the people's cryptocurrency," promoted its use in Tesla and SpaceX, and the community loves him for it. Musk sees real potential in DOGE: low fees, active community, and that touch of humor that makes it different. It’s trading at $0.10 with positive movement.
Now, there's constant speculation about other coins. Shiba Inu and Floki Inu generate rumors, but Musk has denied being a direct owner of SHIB. What does happen is that his tweets about dog-themed coins significantly move markets, which says a lot about his influence in this space.
What's fascinating is how Musk has transformed his relationship with cryptocurrencies from speculation to something more strategic. It's not just about making money but about believing in the technology and its potential to change financial systems. If you want to follow these movements and explore the opportunities in cryptocurrencies Elon Musk has touched, Gate is a good place to monitor prices and trends in real time.