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So I found out that Elon Musk has a pretty interesting portfolio in cryptocurrencies, and it's not just Dogecoin like many people think. The guy really dove deep into this universe.
Let's start with the obvious: Bitcoin. Musk confirmed that he still owns BTC even after Tesla sold most of its holdings. He sees it as "digital gold," you know? With the price rising (it's close to 79k now), it makes sense for him to hold. Ethereum has also been in his wallet since 2021, when he revealed it at the The ₿ Word conference. With ETH trading at 2.34k, it's a significant position nonetheless.
But the highlight is Dogecoin, of course. Musk doesn't hide that he's a fan. Promotes it for Tesla, for SpaceX, calls it "the people's crypto"... Doge is at 0.11 now, and the community is only growing. As for the rumors about Shiba Inu and Floki Inu? Musk denies owning SHIB, but his tweets about these dog-themed coins heavily influence the market. Floki was literally named after his dog.
What intrigues me most is how the cryptocurrencies Elon Musk touches explode in value. Is it just his influence, or is there something more? Do you believe he truly believes in this potential, or is it more about the hype?