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Is Elon Musk a Shiba Inu Holder? Tesla CEO Says He Owns These Three Crypto Assets

Daily Hodl Staff by Daily Hodl Staff
October 26, 2021
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Is Elon Musk a Shiba Inu Holder? Tesla CEO Says He Owns These Three Crypto Assets
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Tesla CEO and tech mogul Elon Musk says he owns only three crypto assets.

Earlier this month, Tesla CEO Elon Musk tweeted a photo of his Shiba Inu puppy, which sparked speculation about his support for the surging Ethereum-based memecoin. However, when a Twitter user quizzed Musk about his SHIB holdings on Sunday, Musk said he doesn’t own any of the Dogecoin (DOGE) competitor.

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None

— Elon Musk (@elonmusk) October 24, 2021

SHIB is trading at $0.00004275, up a staggering 49,268,197.7% in the past year, according to CoinGecko. Despite Musk’s revelation, Shiba Inu is up more than 14% in the past 24 hours.

Musk also revealed he still holds the same three crypto assets that he said he owned in July.

“Out of curiosity, I acquired some ASCII hash strings called ‘Bitcoin, Ethereum and DOGE.’ That’s it.

As I’ve said before, don’t bet the farm on crypto! True value is building products & providing services to your fellow human beings, not money in any form.”

The Tesla chief executive also elaborated on why he’s been so vocal about supporting Dogecoin (DOGE).

“Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own DOGE. They aren’t financial experts or Silicon Valley technologists.

That’s why I decided to support Doge – it felt like the people’s crypto.”

Musk is currently the wealthiest person in the world with a net worth of $255.2 billion, according to Forbes.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Dotted Yeti

The post Is Elon Musk a Shiba Inu Holder? Tesla CEO Says He Owns These Three Crypto Assets appeared first on The Daily Hodl.

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EVERY LIKE THIS GETS I BY NOON WILL BUY 1 CENT OF $SHIB.

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Can all SHIB members drop $100 at 3pm est? I’m ready..

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