I noticed an interesting thing — Elon Musk's influence on the crypto market is simply enormous. One of his tweets can move prices by billions. But let's figure out which cryptocurrencies are actually in this tech billionaire's portfolio and why they ended up there.



Let's start with Bitcoin. In 2021, Tesla, under Musk's leadership, announced investments in BTC totaling $1.5 billion — a serious signal to the market. Although later the company sold off most of it, Musk himself confirmed that he continues to hold Bitcoin personally. For him, it's not just an asset but rather digital gold, a store of value. Currently, Bitcoin is trading around 77.68K with a market dominance of over 57 percent — the king of cryptocurrencies, as it's often called.

Ethereum holds the second position in his portfolio. Musk revealed this during his speech at The ₿ Word conference in 2021. ETH interests him because of smart contracts and the entire DeFi ecosystem built on it. It's not just a coin; it's a platform for innovation. The current price of Ethereum is about 2.14K with a market capitalization of over 258 billion.

But Musk's main love in crypto is Dogecoin. He doesn't hide his fondness for DOGE, calling it the people's cryptocurrency. From attempts to integrate it into Tesla payments to simply positive tweets — his support became a turning point for this meme coin. DOGE is now trading at around 0.11, and its community remains one of the most active in the crypto space.

As for the rest — there are rumors about Shiba Inu and Floki Inu, but Musk denies direct ownership of them. Although his tweets about dog coins regularly cause waves in the market. Apparently, Elon Musk's influence on the cryptocurrency sector is so great that even hints work as signals.

If you follow crypto assets and want to track movements of assets like BTC, ETH, and DOGE, you can check them out on Gate.io — they offer convenient analytics and real data on all major cryptocurrencies.
BTC-0.42%
ETH-0.34%
DOGE-0.33%
SHIB0.54%
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