Elon Musk's favorite cryptocurrencies in his portfolio

Elon Musk has become one of the most influential figures in the cryptocurrency world. His active participation in the digital market has positioned Tesla as one of the leading institutions with exposure to digital assets.

Bitcoin: Tesla as an Institutional Whale

Musk’s company holds a significant position in Bitcoin, with holdings valued at approximately $778 million. This accumulation has made Tesla one of the most important whales in the ecosystem, generating a significant impact on BTC price movements. At the current price of $87.05K, this reserve represents a strategic move towards institutional adoption of cryptocurrencies.

Dogecoin: Musk’s Favorite Currency

Among all digital cryptocurrencies, Dogecoin stands out as the entrepreneur’s preferred choice. Musk has actively promoted the use of DOGE at Tesla, considering its acceptance as a payment method for merchandise and potentially for vehicles. With a current price of $0.13, this coin has gained relevance thanks to its constant promotion, demonstrating how personal influence can transform an asset’s value.

Ethereum: Public Recognition of His Holdings

Musk’s public admission of his ownership of Ethereum triggered an immediate market movement, causing a 12% increase in ETH’s price. Although the exact amount of his holdings remains undisclosed, his acknowledgment of owning this cryptocurrency highlighted its importance in the decentralized ecosystem. Currently, Ethereum is trading at $2.92K with a +3.09% change in the last 24 hours.

Elon Musk’s cryptocurrency portfolio reflects his vision of the future of digital assets and their potential to transform payment systems and value worldwide.