Elon Musk reveals the three cryptocurrencies he has

The CEO of Tesla and SpaceX, known worldwide for having marketed the autonomous electric car, announced that he had invested only in three cryptocurrencies: Bitcoin, Dogecoin and Ether.

This announcement comes in a context of irrational enthusiasm for the one baptized Shiba Inu, the name of a Japanese dog breed. The richest man in the world admitted not to hold any tokens of this currency.

Yet a month ago the billionaire had made him jump 777% by simply posting on social networks a photo of a Shiba dog named Floki. The speculators saw it as a sign.

Bitcoin remains the locomotive

With a purchase price set at 60,608 dollars (51,874 euros) – figures from Thursday, October 28, 2021 editor’s note – Bitcoin remains the most expensive cryptocurrency on the financial markets.

The 50-year-old multi-billionaire did not wish to disclose the amount of his Bitcoin wallet but assured that his company Tesla held a large amount.

It supports the Dogecoin

The other cryptocurrency that he recently highlighted on Twitter is Dogecoin. The main competitor of the Shiba – which also bears the acronym of a dog’s head (editor’s note), and which has recorded an increase of more than 25% in its price over the last 24 hours.

Extraordinary fluctuations which contrast with the real value of the product. A title of Dogecoin currently costs 0.000060 euros.

In comparison, the price of a Bitcoin when it was put into circulation on the market in 2009 was 0.00071 euros, against 51.874 euros today.

The richest man in the world seems to have understood the sensitivity of the cryptocurrency market and its weight on their prices. He should continue to profit from it.

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