I've been thinking lately about how much Elon Musk has dominated the discussion around cryptocurrencies. The guy is a billionaire, CEO of Tesla and SpaceX, and his tweets can move entire markets. People even call him the father of Dogecoin. But what exactly does this guy own, and why these assets in particular?

It all started with Bitcoin. In 2021, Tesla announced it was investing $1.5 billion in BTC. That was a big deal. Although Tesla later sold most of its holdings, Musk confirmed that he personally holds Bitcoin. For him, it's digital gold, a store of value for the long term. BTC is now hovering around $77,660, up 0.32 percent over the past 24 hours.

Then we have Ethereum. Musk revealed that he owns ETH during a speech in 2021. Ethereum is the second-largest cryptocurrency, and what really matters to Musk is its potential. Smart contracts, DeFi, NFTs, entire blockchain application ecosystems — that’s the future. ETH now costs $2,130, up 0.50 percent.

But wait, Dogecoin is a whole different story. It’s Musk’s favorite, and he doesn’t hide it. He calls it a currency for ordinary people, promotes it for payments at Tesla and SpaceX. His support changes everything for DOGE. Why? Musk likes its meme-like character and origin, but he also believes it has potential as a medium of exchange due to low fees and an active community. DOGE is now $0.11, up 1.89 percent.

Interestingly, there are rumors about other coins in his portfolio. Shiba Inu, Floki Inu — even named after Musk’s dog — are coins that attract attention, but this is where the gray area begins. Musk denies owning SHIB, but his tweets about dog memes always stir the market. This shows how much influence his every word has on the crypto world.