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So I discovered an interesting thing about Elon Musk and his relationship with crypto. This guy is basically the boss of the crypto world, his tweets move markets like nothing. Let’s see what he actually holds in his wallet.
First, there’s Bitcoin, of course. Tesla made that $1.5 billion investment in 2021, and Musk has confirmed multiple times that he owns some personally. With BTC now at 77.76K and dominating the market at 57%, it makes sense that he sees it as digital gold. It’s the undisputed king.
Then there’s Ethereum, which at 2.14K represents 9.47% of the market cap. Musk talked about this during that conference in 2021. I understand why — smart contracts, DeFi, NFTs — it’s all built on Ethereum. It’s not just a currency, it’s the infrastructure.
But his true love is Dogecoin. Come on, everyone knows that. He called it “the people’s crypto,” promoted it for payments, all because he believes in its potential beyond the meme. DOGE is now at 0.11 and has a crazy community behind it. This is his favorite toy, kind of.
As for the rest... he’s always denied owning Shiba Inu, but his tweets about Floki and other dog coins have caused chaos in the markets. Floki Inu is named after his real dog, but it’s not confirmed if he actually owns it. Anyway, people follow every move he makes with these alternative cryptos.
I wonder what Elon Musk’s next tweet will do... he’ll probably move another few million in the crypto market.