Elon Musk's cryptocurrencies: DOGE, BTC, and ETH in his portfolio

Entrepreneur Elon Musk has made it clear that he prefers three specific cryptocurrencies, positioning himself as one of the biggest advocates of the digital ecosystem. His holdings reflect not only personal convictions but also the ability to influence global digital asset markets.

Dogecoin: Musk’s Personal Bet in the Crypto Market

Dogecoin ($DOGE) perhaps represents Musk’s most visible commitment to the blockchain ecosystem. Beyond being a simple investment, this cryptocurrency has become part of Tesla’s corporate strategy, which considers accepting it as a payment method for certain products and services. With a current price of $0.10 and a 24-hour change of +4.88%, DOGE continues to demonstrate its relevance in the market.

Musk’s relationship with Dogecoin goes beyond finance. Through active participation, the entrepreneur has transformed a cryptocurrency originally created as a joke into an asset with significant market capitalization, directly influencing its perception and global adoption.

Bitcoin: Tesla as a Major Institution in BTC Accumulation

Tesla has solidified its position as a Bitcoin “whale,” accumulating approximately $778 million worth of this cryptocurrency. This institutional investment represents one of the largest corporate commitments to Bitcoin as a long-term store of value. With Bitcoin currently trading at $68.20K and a 24-hour gain of +4.21%, Tesla’s position reflects confidence in the protocol’s robustness.

Musk’s decision to direct substantial corporate resources toward Bitcoin has had widespread repercussions. It has not only legitimized Bitcoin as an institutional asset but also inspired other companies to consider similar positions in their treasuries.

Ethereum: Diversification of the Cryptocurrency Portfolio

Although Musk publicly acknowledged his ownership of Ethereum ($ETH), specific details of his holdings remain private. However, this revelation had an immediate market impact, causing a 12% increase in price shortly after confirmation. With Ethereum currently at $2.06K and a +7.10% rise in the last 24 hours, the network continues to demonstrate its importance in the decentralized ecosystem.

Including Ethereum in his portfolio suggests that Musk recognizes the value of smart contract platforms and decentralized applications transforming the tech industry.

Elon Musk’s cryptocurrencies represent more than mere personal investments: they reflect his vision of the future of digital finance and blockchain technology, significantly influencing global market trends.