$DOGE #BTC Most cryptocurrencies are scams. During legal proceedings with OpenAI in 2026, Musk stated plainly that he considers most existing cryptocurrency projects fraudulent. He regularly urges investors to be cautious and not to invest their last dollar in digital assets.
He personally owns only three assets. Musk officially confirmed that, aside from shares in his companies, his personal portfolio contains only three cryptocurrencies: Bitcoin, Ethereum, and Dogecoin. He doesn’t own or endorse any other tokens (including the many “Elon Musk coins” or Shiba Inu).
Bitcoin as an “energy currency.” Musk believes Bitcoin has fundamental value because its scarcity is underpinned by the real energy consumed in mining. His companies Tesla and SpaceX continue to hold around $2 billion worth of BTC on their balance sheets. However, Musk has noted that he “doesn’t think about cryptocurrency around the clock,” viewing money primarily as an information system for allocating resources.
A special fondness for Dogecoin. DOGE remains his favorite altcoin.
He personally owns only three assets. Musk officially confirmed that, aside from shares in his companies, his personal portfolio contains only three cryptocurrencies: Bitcoin, Ethereum, and Dogecoin. He doesn’t own or endorse any other tokens (including the many “Elon Musk coins” or Shiba Inu).
Bitcoin as an “energy currency.” Musk believes Bitcoin has fundamental value because its scarcity is underpinned by the real energy consumed in mining. His companies Tesla and SpaceX continue to hold around $2 billion worth of BTC on their balance sheets. However, Musk has noted that he “doesn’t think about cryptocurrency around the clock,” viewing money primarily as an information system for allocating resources.
A special fondness for Dogecoin. DOGE remains his favorite altcoin.