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I'm always curious about which cryptocurrencies Elon Musk holds. This guy has such influence that his tweets can move entire markets. He earned the nickname "Father of Doge," and honestly, it's not without reason.
Let's start with Bitcoin. Musk publicly admitted to owning BTC back in 2021 when Tesla announced its massive investment of $1.5 billion. Then Tesla sold most of it, but Musk confirmed that he personally holds Bitcoin. To him, it's digital gold, a store of value. Now, Bitcoin is at $66,980, with a slight increase of +0.16% over the past 24 hours.
Ether is the second component of his portfolio. He revealed this during a speech at the Word ₿ conference in 2021. Ethereum means more to him than just a cryptocurrency — it's the foundation of all DeFi, NFTs, and innovative blockchain applications. ETH is currently valued at $2,050, though today it’s down 0.52%.
But Musk's true love is Dogecoin. He makes no secret of it. He talks about DOGE as a "people’s cryptocurrency," promotes its use in Tesla and SpaceX. His support has changed the game for this coin. He appreciates its fun history, meme origins, but also believes in its potential as a means of payment due to low fees and an engaged community. Now, DOGE costs $0.09, down 0.54%.
There are also rumors about other coins. Musk denies owning Shiba Inu, but his tweets about dog coins always stir something. Floki Inu — named after his Shiba Inu dog — attracts attention, though there's no proof he owns it.
All this interest Musk has in cryptocurrencies shows that for him, it's not just speculation. Bitcoin as a store of value, Ethereum as future technology, Dogecoin as a coin for the people — each has its role. If you want to track these assets and see how they behave, Gate offers a whole range of these coins available for trading. It's worth staying updated on what's happening in the market.