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I've always wondered which cryptocurrencies Elon Musk actually holds. This guy probably has the biggest influence on the market among all businessmen, so it's worth knowing what he truly owns.
It all starts with Bitcoin, of course. In 2021, Tesla announced a massive investment in BTC worth $1.5 billion, and Musk publicly confirmed that he personally owns Bitcoin. Although Tesla later sold most of its holdings, Musk keeps it as digital gold—a store of value. Today, Bitcoin is trading around $66,930. This is Elon Musk's cryptocurrency, which has the largest market dominance.
The second is Ethereum. Musk revealed this during a speech at a conference in 2021. ETH is more than just a cryptocurrency—it's the foundation for the entire DeFi, NFT, and smart contract ecosystem. The price is now around $2,050. It seems Musk sees Ethereum as a significant player in the blockchain space.
But Elon Musk's most famous cryptocurrency is undoubtedly Dogecoin. He doesn't hide it—from meme posts to actual plans to implement DOGE in Tesla and SpaceX. Musk appreciates both the fun history of Dogecoin and its practical potential as a means of payment. Low fees, an active community, low resistance. Currently, DOGE costs about $0.09.
Interestingly, there are rumors about other coins. Shiba Inu or Floki Inu—Musk denies owning SHIB, but his tweets about dog memes always move the market. It's hard to say exactly what he holds, but one thing is clear: his influence on Elon Musk's cryptocurrencies and the sector overall is enormous. His statements shift the boundaries of the game for the entire market.