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Alright, I discovered something interesting about Elon Musk and his crypto holdings. The guy is literally the Dogefather — his tweets move the markets, and that's not even an exaggeration.
Let's start with Bitcoin. In 2021, Tesla invested $1.5 billion in BTC, and although they sold most of it later, Musk says he still personally owns some. Today, Bitcoin is at $71.86K with a market dominance of 56% — practically the king of crypto.
Then there's Ethereum. He confirmed it himself at a conference in 2021. With smart contracts and everything around DeFi and NFTs, I understand why he considers it important. Currently, ETH is at $2.23K, second in market cap.
But Musk's true love? Dogecoin. He doesn't even hide it; he calls it "the people's crypto," and it was crazy how he pushed for using it in payments. DOGE is now at $0.09, with a market cap of $14.46 billion. Low fees and an active community fascinate him.
Here's the funny part: there are rumors about Shiba Inu and Floki Inu, but Musk denies owning SHIB. Still, his tweets about dogs and memes move the market anyway — it's crazy.
In short, Elon Musk's crypto portfolio is basically a map of how he sees the future of cryptocurrencies. Between Bitcoin as a store of value, Ethereum for technology, and Dogecoin as a medium of exchange — the guy has a coherent vision.