Musk has long been a vocal advocate for crypto. He has said "paper money is going away" and believes that cryptocurrencies like Bitcoin (BTC -0.36%) are "ingenious." Musk is on record saying that he owns popular cryptocurrencies such as Bitcoin, Ethereum (ETH -0.28%), and Dogecoin (DOGE -1.32%).
What crypto coin did Elon Musk buy?
Despite the token's comical origins, Musk has often touted the cryptocurrency as a serious source of payment. In January, Musk said Tesla would begin accepting Dogecoin for merchandise, prompting a 14% price spike to around 20 cents, according to CoinMarketCap.
How many Crypto does Elon Musk own?
The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token. "I literally own zero cryptocurrency, apart from . 25 BTC that a friend sent me many years ago," Musk confessed.