Top 3 Cryptocurrencies Owned By Elon Musk
Elon Musk, a prominent advocate of cryptocurrencies, holds three notable digital assets:
1. Dogecoin (DOGE) š:
Known as Musk's favorite cryptocurrency, Dogecoin often benefits from his tweets and public endorsements. Tesla accepts DOGE for merchandise purchases, and Musk has hinted at the possibility of using it for vehicle payments in the future. His association with Dogecoin has played a significant role in its popularity and price surges.
2. Bitcoin (BTC) š°:
Tesla's balance sheet includes around $778 million worth of Bitcoin, positioning it as one of the largest BTC holders among corporations. While Musk sold some BTC in the past to "test liquidity," he remains a proponent of the asset, viewing it as a store of value in the digital age.
3. Ethereum (ETH) š»:
Musk has publicly admitted to owning Ethereum, the second-largest cryptocurrency by market capitalization. After his acknowledgment, ETH's price saw a notable 12% increase, reflecting his influence on the market. Although the exact amount of ETH he holds remains undisclosed, his interest underscores Ethereum's importance in the blockchain ecosystem.
Note: While Muskās influence on these cryptocurrencies is evident, the specifics of his personal holdings beyond these coins are not entirely transparent.
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