What Crypto Does Elon Musk Own Elon Musk is one of the most famous people in the world. He is the CEO of Tesla and SpaceX. Many people listen to him. When he talks about something, it becomes popular. This also happened in the world of cryptocurrency. When Elon Musk tweeted about Bitcoin or Dogecoin, the price went up or down. Many people started buying crypto just because Elon said something good about it.
But people have one big question:
What crypto does Elon Musk really own?
Is it just Bitcoin and Dogecoin? Or is there more? In this article, we will tell you everything in very easy English. We will talk about the coins Elon Musk owns. We will also tell you why he owns them, what he said about them, and how it affects the market.
Who Is Elon Musk?
Before we talk about crypto, let’s understand who Elon Musk is.
Elon Musk is a businessman. He was born in South Africa. He moved to the USA and started many big companies. Some of his popular companies are:
- Tesla (electric car company)
- SpaceX (space company)
- X (before called Twitter)
- Neuralink (brain tech company)
- The Boring Company (underground tunnel company)
He is one of the richest people on Earth. Many people follow him on social media. On X (Twitter), he has millions of followers. One tweet from him can change the price of a coin.
Elon Musk and Cryptocurrency: The Connection
Elon Musk started talking about crypto in public around 2020. He made many tweets about Bitcoin and Dogecoin. This made people think he supports cryptocurrency.
Some important things he did:
- Tesla bought Bitcoin worth billions of dollars
- Tesla accepted Bitcoin for car payments (but later stopped)
- Elon tweeted “Dogecoin is the people’s crypto”
- He called Dogecoin the “future of currency” in a funny way
- He changed the Dogecoin logo on Twitter for some time
So now the big question is:
What Crypto Does Elon Musk Actually Own?
Let’s go step by step. According to Elon Musk and public records, these are the main cryptocurrencies he owns:
1. Bitcoin (BTC)
Yes, Elon Musk owns Bitcoin.
In early 2021, Tesla announced they bought Bitcoin worth $1.5 billion. This news made Bitcoin price go up fast. Elon said he personally owns Bitcoin too, not just Tesla.
Why he owns it:
- He believes Bitcoin is a store of value
- He wanted Tesla to hold digital assets like gold
- He thinks Bitcoin is better than regular money in some ways
What happened later:
Tesla sold some Bitcoin in 2022. Elon said it was to test liquidity, not because he lost trust. In 2023, Tesla still had some Bitcoin in its balance sheet.
So yes, Elon Musk owns Bitcoin.
2. Dogecoin (DOGE)
Yes, Elon Musk owns Dogecoin. This is his favorite coin.
He has talked about Dogecoin more than any other crypto. He made jokes, shared memes, and even helped the coin become famous.
What Elon said about Dogecoin:
- “Dogecoin is the people’s crypto”
- “No need to be a millionaire to buy Dogecoin”
- “SpaceX will launch a Dogecoin-funded satellite”
- “Tesla accepts Dogecoin for some products”
Elon said many times that he personally owns Dogecoin. He said he buys it for his son too.
Why he likes Dogecoin:
- It has low fees
- It is fun and simple
- It has a big community
- It started as a joke, but now is used by real people
So yes, Elon Musk owns Dogecoin, and he supports it more than Bitcoin.
3. Ethereum (ETH)
Yes, Elon Musk owns Ethereum too.
He does not talk about Ethereum as much, but he confirmed in one event that he owns some ETH.
What he said about Ethereum:
At “The B Word” event in 2021, he said:
“I own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin. And I personally own some Ethereum and Dogecoin too.”
So he said it himself. He owns Ethereum. But we do not know how much.
Why Ethereum?
- It is the second largest crypto
- It is useful for smart contracts
- It powers many apps and NFTs
- It has long-term value in tech
Elon may not talk much about it, but he owns it.
Does Elon Musk Own Any Other Crypto?
He never confirmed owning any other coins. People think maybe he bought others too, but he never said it.
There are rumors that he holds some meme coins or altcoins. But Elon said clearly:
“I only own Bitcoin, Ethereum, and Dogecoin.”
So we should believe what he said unless something changes.
What Coins Does Tesla Own?
Tesla is Elon Musk’s company. In early 2021, Tesla bought $1.5 billion worth of Bitcoin. It was a big news in the crypto world.
Later, Tesla sold some part of it. But in 2024, reports showed that Tesla still had Bitcoin in its balance sheet. Tesla does not own Dogecoin or Ethereum. Only Bitcoin is in company records.
Tesla and Dogecoin:
Even though Tesla does not own Dogecoin, it accepts Dogecoin for some products like:
- Belt Buckles
- Whistle
- Some clothes
This shows Elon supports Dogecoin not only with words but also with real actions.
What About SpaceX?
SpaceX is Elon’s space company. It also bought Bitcoin. This was confirmed by Elon Musk at a crypto event. But we do not know how much.
He also announced that:
- SpaceX will send a satellite to the moon called “DOGE-1 Mission”
- This mission is fully funded by Dogecoin
- It was planned to launch in 2022 but got delayed
This shows Elon wants to take Dogecoin even to space.
How Elon Musk’s Tweets Affect Crypto Prices
Every time Elon tweets about crypto, the price moves. Let’s see some examples:
| Date | Tweet/Action | Coin | Price Change |
|---|---|---|---|
| Jan 2021 | Added #Bitcoin in bio | Bitcoin | +15% in hours |
| Feb 2021 | Tesla buys $1.5B Bitcoin | Bitcoin | Big spike |
| April 2021 | “Doge Barking at the Moon” | Doge | Jumped 30%+ |
| May 2021 | Tesla stops accepting Bitcoin | Bitcoin | Dropped hard |
| May 2021 | Elon says “Working with Doge devs” | Doge | Rose again |
| 2023-2024 | Changes Twitter logo to Doge for a short time | Doge | Price spiked |
So Elon’s influence is real. Many traders follow him closely.
Can We Trust Elon Musk’s Crypto Choices?
This is a good question.
Elon is a smart person, but he also jokes a lot. Many times he tweets for fun. But when it comes to crypto, he has said he supports these ideas:
- Decentralized money
- Power to the people
- Fun and simple systems
- Long-term innovation
He also warned people: “Don’t invest your life savings in crypto.” So even though he supports it, he says to be careful.
Summary of What Crypto Elon Musk Owns
| Coin | Owned by Elon | Owned by Tesla | Notes |
|---|---|---|---|
| Bitcoin | Yes | Yes | Used for payments, store of value |
| Dogecoin | Yes | No | Favorite coin, used for Tesla merch |
| Ethereum | Yes | No | For tech and smart contracts |
| Others | No | No | Not confirmed, just rumors |
Frequently Asked Questions (FAQ)
Q1: Did Elon Musk create Dogecoin?
No. Elon did not create Dogecoin. It was made in 2013 by Billy Markus and Jackson Palmer. But Elon helped make it popular.
Q2: Is Dogecoin Elon Musk’s favorite coin?
Yes. He called it the “people’s crypto” and promotes it a lot.
Q3: Does Elon Musk still own Bitcoin?
Yes. Both Elon and Tesla still have some Bitcoin, though not as much as before.
Q4: Has Elon Musk ever bought Shiba Inu or other meme coins?
No. He said clearly that he only owns Bitcoin, Ethereum, and Dogecoin.
Q5: Does Elon Musk support crypto in general?
Yes. He likes the idea of decentralized money and supports useful crypto projects.
Elon Musk is not just a businessman. He is a big voice in the crypto world. Even one small tweet from him can move markets. Right now, the coins he owns are:
- Bitcoin
- Dogecoin
- Ethereum
He likes crypto that is simple, useful, and fun. He supports Dogecoin the most. If you are thinking about buying crypto just because of Elon, remember this: He is smart, but always do your own research. Crypto is risky, so invest wisely.
