He described it as “the people’s crypto”, revealing that “lots of people” on the production lines at Tesla and SpaceX own Doge.
Musk’s exact dogecoin holdings are unknown, though he previously said his crypto stash was the only thing of “significant value” that he owns, beyond SpaceX and Tesla stock.
“Out of curiosity, I acquired some ascii hash strings called ‘Bitcoin, Ethereum and Doge’.
As the CEO of Tesla, Musk became the most high-profile executive to invest company cash reserves into BTC earlier this year, buying $1.5 billion worth of the cryptocurrency.
The future for the S&P 500 was nearly unchanged while the future for the Dow industrials gained less than 0.1%.
We’ve reached out to several cryptocurrency experts to hear their thoughts on where the market goes from here, with some speculating that the latest all-time high could be eclipsed before the end of the year.
With a market cap in excess of $1.2 trillion, bitcoin is also worth more than some of the world’s most valuable companies, including Facebook and Tesla.