Musk secretly holds three cryptoassets, and their influence is beyond imagination.

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The impact that tech mogul Elon Musk brings to the cryptocurrency market goes beyond just his statements. In fact, his own asset Holdings portfolio has become a bombshell that shakes the market.

Dogecoin (DOGE) is at the forefront. Musk has publicly stated that he owns a “pack of DOGE” and has adopted it for payments of Tesla products. He is so supportive that even SpaceX's satellite launch costs are paid in meme currency. By the way, it's a joke, but seriously, if Trump wins the next U.S. presidential election, he is considering the establishment of a Department of Government Efficiency (DOGE).

Next is Bitcoin (BTC). Tesla holds $778 million worth of BTC, making it a BTC whale. Musk himself says he “only holds 0.25 BTC,” but the company's assets are a separate matter. Tesla's movement of its wallet has enough influence to significantly impact the market.

And Ethereum (ETH). When Mr. Musk publicly declared his ETH Holdings at The B Word conference, the market jumped by 12%. Just mentioning it moves the market—this is the Musk effect.

In short, this man's asset holdings are not just investment news, but a signal for the entire crypto market. His next move is creating the next trend.

DOGE4.22%
BTC2.39%
ETH6.48%
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