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Elon Musk and Dogecoin: Does He Still Own and Promote the Meme Crypto?

Does Elon Musk Still Promote Dogecoin?

Elon Musk, often dubbed the ‘Dogefather,’ has been an outspoken advocate for Dogecoin in the past. From his numerous tweets referencing the meme-inspired crypto to calling it ‘the people’s crypto,’ Musk has had a significant influence on the coin’s price movement.

As of now, while he isn’t as vocal about Dogecoin as he was during the crypto boom, he hasn’t completely abandoned it. He occasionally drops hints or makes comments about Dogecoin, causing price fluctuations. Therefore, it’s safe to say that he continues to promote Dogecoin, albeit in a less overt manner.

Did Elon Musk Ever Own Dogecoin?

The Tesla CEO has publicly declared his love for Dogecoin numerous times, but has he ever actually owned any? To the best of our knowledge, Musk has never publicly confirmed owning any Dogecoin. However, he did announce in February 2021 that he bought some for his son, ‘Lil X,’ so he could be a ‘toddler hodler.’

Which Cryptos Does Elon Musk Own?

Musk’s personal cryptocurrency holdings have been a subject of intense curiosity. In a February 2022 tweet, Musk revealed that he only holds three types of coins: Bitcoin, Ethereum, and Dogecoin, and most of his holdings are in Bitcoin. Musk’s electric car company, Tesla, also owns Bitcoin, which it purchased as a long-term investment.

Does Elon Musk Own Any Shiba?

Shiba Inu coin, another meme coin that has been referred to as the ‘Dogecoin killer,’ has garnered significant attention in the crypto world. Despite its popularity, Musk has confirmed via Twitter that he does not own any Shiba Inu tokens. He clarified this after his tweet about his new Shiba Inu puppy, Floki, caused a surge in the coin’s price.

Musk’s association with Dogecoin continues to be a potent force in the cryptocurrency’s public perception and valuation. His lesser but still notable interactions with other cryptocurrencies also continue to make waves in the crypto world, demonstrating the influential role of prominent figures in the volatile landscape of cryptocurrency.

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