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I read that Elon Musk still owns several cryptocurrencies, and he's not just into Dogecoin as many think. So, what are the cryptocurrencies Musk actually holds in his portfolio?
Obviously, there's Bitcoin. In 2021, Tesla invested $1.5 billion in BTC, although they sold a large part afterward. Musk has confirmed that he still personally owns Bitcoin. With BTC now at 66.87K and dominating the market with 55% of the market capitalization, it makes sense for him to consider it as digital gold.
Then there's Ethereum, which Musk revealed he owns during the 2021 conference. ETH at 2.05K is the backbone of DeFi and NFTs, so for him, it represents true blockchain innovation. And of course, Dogecoin, his favorite. DOGE is still at 0.09, and Musk has never stopped promoting it as the people's cryptocurrency.
What's interesting here is that there are rumors about other coins he might hold. Shiba Inu and Floki Inu have names that reference his dogs, and Musk's tweets about dog-themed coins have always shaken the markets. He has never confirmed owning them, but the fact that he talks about them says everything about Musk's influence in crypto.
In short, Elon Musk's crypto holdings are not just a meme thing; it's a real strategy. Which one do you think is the most interesting in his portfolio?