Three cryptocurrencies owned by Elon Musk: number five will surprise you

Elon Musk, the tech billionaire and CEO of Tesla and SpaceX, has long been associated with cryptocurrencies. His tweets and public statements have moved markets, earning him the title of "Doge Father." But what cryptocurrencies does Elon Musk own, and why?

1. Dogecoin (DOGE)

Dogecoin is Musk's favorite cryptocurrency, and he hasn't hidden that. From calling Dogecoin the "people's currency" to promoting its use for payments at Tesla and SpaceX, Musk's support has been a turning point for Dogecoin.

Why Dogecoin?

Musk appreciates its fun, meme-inspired nature but also believes in its potential as a means of exchange due to low transaction fees and an active community.

2. Potential other holdings

While Musk has confirmed his holdings of Bitcoin, Ethereum, and Dogecoin, speculation is increasing about other coins he may own or influence:

Shiba Inu (SHIB): Although Musk has denied owning Shiba, his tweets about "Floki" and other dog-themed coins have caused significant market movements.

Floki Inu (FLOKI): Named after Elon Musk's dog Shiba Inu, Floki Inu has gained attention, despite there being no evidence that Musk owns it.