1. Dogecoin (DOGE): Musk's Favorite and the Meme Crypto that is Revolutionizing the Market
Musk is not only a fan of DOGE; he has also taken concrete steps to integrate this cryptocurrency into his businesses. Tesla began accepting DOGE as a form of payment for some of its products, and there has been speculation about the possibility of Tesla vehicles also being purchasable in DOGE in the future. Additionally, in his role at SpaceX, Musk promoted a satellite launch project that was funded in DOGE. Musk's influence over DOGE has been so significant that even the possibility of creating a 'Department of Government Effectiveness' (DOGE) has been part of his proposals, especially if Donald Trump returns to the presidency of the U.S.
2. Bitcoin (BTC): The Market Giant that Tesla Does Not Want to Let Go
Tesla holds around 778 million dollars in BTC, making it one of the largest Bitcoin whales in the market. Although the company made waves by moving all its BTC holdings from its public wallet, generating speculation about its future approach to cryptocurrencies, Musk's support for Bitcoin remains clear.
Regarding his own Bitcoin holdings, Musk has publicly admitted that he owns around 0.25 BTC, which has been a surprise to some, given the magnitude of his influence in the crypto ecosystem. However, his support for BTC goes beyond personal investments, demonstrating that Musk remains a key figure in the adoption and evolution of Bitcoin.
3. Ethereum (ETH): The Second Largest Cryptocurrency that Also Has Musk's Approval
Ethereum, with its revolutionary smart contract technology and its crucial role in the decentralized finance (DeFi) ecosystem and non-fungible tokens (NFTs), has captured Musk's attention due to its innovative approach to decentralization. Although it is not certain how much ETH he owns, the fact that Musk has publicly admitted his interest in this cryptocurrency reflects his recognition of Ethereum's potential to change the future of financial systems and decentralized applications.
