3 Types of Cryptocurrencies Owned by Elon Musk

Elon Musk is always outspoken about his admiration for the cryptocurrency industry. This tech billionaire has enabled cryptocurrency payments for many of his projects. Musk recently declared, 'I think cryptocurrency is an interesting wall and can have value against centralized control.' With his love for cryptocurrency, let's take a look at the top three cryptocurrency assets owned by the richest man in the world. Elon Musk's Largest Digital Asset Holding: Take a Closer Look

1. Dogecoin (DOGE) Musk has repeatedly stated that DOGE is his favorite cryptocurrency and that he owns a "pack of Dogecoin". Musk said he likes the project's lighthearted nature and has allowed DOGE payments for Tesla goods. The company may start accepting DOGE for its vehicles in the future, which Musk stated, "At some point, I think we should allow that." This tech tycoon has also carried out a satellite launch project with his SpaceX division, paid in meme cryptocurrency. Musk also hopes to establish a Department of Good Government (DOGE) if Donald Trump wins the upcoming US presidential election.
2. Bitcoin (BTC) According to Arkham, Tesla holds about 778 million dollars of Bitcoin (BTC), the original cryptocurrency, making it a BTC whale. The company recently moved all of its holdings of BTC from public wallets, causing quite a stir in the market. Tesla also accepted Bitcoin (BTC) as a form of payment for its cars, but this service closed after a few months. Although Tesla owns BTC worth 778 million dollars, Musk has said that he only owns 0.25 BTC.
3. Ethereum (ETH) Musk said he owns three types of cryptocurrency: Ethereum (ETH). At the B Word conference, Musk publicly declared that he also owns ETH, in addition to DOGE and BTC. His comments caused ETH to rise by 12%. Although Musk publicly admitted to owning ETH, it is unclear how much cryptocurrency he holds at the moment.