The Dogefather‘s Doge: How Much Does Elon Musk Own?348

Elon Musk, the eccentric billionaire and CEO of Tesla and SpaceX, is a vocal supporter of Dogecoin, a cryptocurrency that began as a joke in 2013. Musk's tweets and endorsements have had a significant impact on Dogecoin's price, leading many to wonder how much of the digital currency he actually owns.

In a recent interview, Musk stated that he personally owns "a lot" of Dogecoin, although he did not disclose the exact amount. However, based on his public statements and actions, it is estimated that Musk's Dogecoin holdings could be substantial.

In February 2021, Musk tweeted that he had purchased "some" Dogecoin and that it was "a fun asset to have." This tweet sent Dogecoin's price soaring by over 50%. In March 2021, Musk tweeted that he was working with Dogecoin developers to "improve system transaction efficiency." This announcement further boosted Dogecoin's price.

In May 2021, Musk announced that Tesla would accept Dogecoin as payment for its merchandise. This was a major coup for Dogecoin and led to another surge in its price. However, Tesla later reversed this decision, citing concerns about Dogecoin's energy consumption.

Despite this setback, Musk has continued to support Dogecoin. In August 2021, he tweeted that he was "hodling" Dogecoin and that he believed it had the potential to become "the currency of the internet." He also said that he was "working with the Dogecoin devs to make improvements" to the cryptocurrency.

So, how much Dogecoin does Elon Musk own? It is difficult to say for sure, but based on his public statements and actions, it is likely that his holdings are substantial. Musk is a major supporter of Dogecoin and has been instrumental in its rise in popularity. It is possible that his Dogecoin holdings could be worth billions of dollars.

2024-11-17

Previous：Why Bitcoiners Call Dogecoin a ‘Scam‘

Next：How to Buy Dogecoin on Huobi