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I just read that Elon Musk has a pretty interesting crypto portfolio, and the fact that DOGE is his favorite doesn’t surprise me much, considering how he constantly promotes it. But discovering that he also owns Bitcoin and Ethereum is another story.
So, let’s start with Bitcoin. In 2021, Tesla invested $1.5 billion in BTC when the price was different from today (now we are at $66.85K). Musk sees it as digital gold, a solid store of value. Then there’s Ethereum with a market capitalization of $247.81B, which Musk considers important for smart contracts and innovative blockchain applications.
But here’s where it gets fun: Dogecoin. Musk calls it “the people's crypto” and has never hidden his passion for DOGE. Low fees and an active community fascinate him, even though many think it’s just a meme coin. Currently, DOGE is at $0.09.
Then there are speculations about other coins. Musk denied owning Shiba Inu (SHIB at $0.00), but his tweets about dog-themed coins have moved the market quite a bit. The same goes for Floki Inu (FLOKI), which is named after his Shiba Inu dog. No concrete proof that he owns them, but the market still reacts to his movements.
In short, Musk’s crypto portfolio reflects his style: a seriously strategic mix of (Bitcoin and Ethereum) and completely fun (Dogecoin). What do you think—genius or madness?