Copy-paste | Elon Musk told what cryptocurrencies he owns

Oct 25 202111: 34 AM EDT

Tesla and SpaceX founder Elon Musk is one of the most famous fanscryptocurrencies in the world. The billionaire has repeatedly influenced the value of digital currencies, which indicates his role in this area, writes CNBC.

The businessman previously stated that it is not worth investing everything in cryptocurrency. Musk noted that the real value is in the creation of products and the provision of services, not money in any format.

The leader of the Forbes rating admitted that he owns only three digital coins:

Bitcoin;
Ethereum;
Dogecoin.

Several times during 2021 Elon Muskposted a photo of his Shiba Inu puppy on Twitter, which, in all likelihood, contributed to the rise in the price of the Shiba inu digital coin. However, he does not buy this cryptocurrency.

Why does Elon Musk support Dogecoin?It is not news that the Tesla founder supports Dogecoin. He started tweeting about this cryptocurrency back in 2019. He even joked that Dogecoin could become a reserve currency in the future.

“Dogecoin was created as a joke to laughover cryptocurrencies. Fate loves irony. What could be the most ironic? The fact that the cryptocurrency, which started as a joke, will become a real currency, ”said Elon Musk in May.

Musk added that many of the people he is withcommunicates on the production lines of Tesla or SpaceX (they are not financial experts or technologists from Silicon Valley), owns a meme cryptocurrency. According to the businessman, that’s why he decided to support Dogе – this is the cryptocurrency of ordinary people.
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