Elon Musk

Elon Musk has emerged as one of the most influential figures in cryptocurrency, with his social media posts and business decisions regularly moving markets and shaping public perception of digital assets. The Tesla and SpaceX CEO has revealed he personally owns only Bitcoin, Ethereum, and Dogecoin, while his companies have integrated cryptocurrency payments and even funded space missions with digital assets. Musk's public backing of Dogecoin has long been a major driver of its price, making the meme coin particularly sensitive to his public statements and endorsements.

Through his various companies, Musk has pioneered corporate cryptocurrency adoption beyond traditional treasury strategies. Tesla accepts DOGE as payment for merchandise, The Boring Company accepts DOGE for rides, and SpaceX announced DOGE-1 — a satellite mission 100% paid for in DOGE. His influence extends from calling Dogecoin "the people's crypto" to briefly adding Bitcoin to Tesla's balance sheet, demonstrating how individual endorsements can drive mainstream cryptocurrency adoption.

At CoinDesk, we track Elon Musk news covering his cryptocurrency investments, social media market impact, and his companies' blockchain innovations. Our reporting examines how Musk's tweets influence crypto markets, his role in popularizing meme coins, Tesla's evolving crypto payment strategies, and the broader implications of celebrity cryptocurrency endorsements on market dynamics and regulatory discussions.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Finance

Tesla Didn’t Buy or Sell Any Bitcoin for Fourth Straight Quarter in Q2

The value of its bitcoin holdings remained at $184 million.

By Nelson WangJul 19, 2023

Videos

Nasdaq Pauses Plan for Crypto Custody Service; Dogecoin Pops on Elon Musk Tweet

“CoinDesk Daily” host Jennifer Sanasie breaks down today’s hottest headlines in crypto, as the Nasdaq halts its plans for a crypto custody service. Presidential hopeful Robert F. Kennedy Jr. wants to exempt bitcoin (BTC) from capital gains taxes when it is converted into U.S. dollars. And, Tesla CEO Elon Musk tweets about his fondness for a popular dog-themed cryptocurrency.

Jul 19, 2023

Markets

Dogecoin Pops 4% on Elon Musk Tweet

The Tesla CEO and Twitter owner has been known on occasion to playfully talk about his fondness for the memecoin.

By Krisztian SandorJul 19, 2023

Videos

AI-Related Crypto Tokens Jump as Elon Musk Unveils New ChatGPT Competitor

AI-related crypto tokens posted gains after Tesla CEO Elon Musk announced a new company focused on artificial intelligence called xAI, as an alternative to ChatGPT. SingularityNET rose 11% over the past 24 hours and Fetch.ai also climbed roughly 7% during the same time period, according to CoinGecko. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

Jul 13, 2023

Videos

Elon Musk Unveils New AI Company, xAI

Tesla and SpaceX CEO Elon Musk unveiled a new AI company called xAI, with the goal to "understand the true nature of the universe." "First Mover" hosts discuss what we know about Musk's new company so far and how AI-related crypto tokens reacted to the news.

Jul 13, 2023

Videos

Bitcoin Reaction as Inflation Eases; Could Elon Musk Rival ChatGPT Next?

“CoinDesk Daily” host Jennifer Sanasie discusses the hottest stories in crypto, including bitcoin's reaction after the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Plus, on-chain data reveals how much Silk Road-linked bitcoin the U.S. government recently moved. And, Elon Musk announces his new AI company, xAI, that states its mission is to "understand the true nature of the universe."

Jul 12, 2023

Podcasts

SPECIAL REPORT: Elon Musk's New ChatGPT Competitor Boosts AI-Related Crypto Tokens

By CoinDeskJul 12, 2023

Consensus Conversations: The Consensus 2023 Kick-Off With CoinDesk CEO Kevin Worth

Markets

Elon Musk's New ChatGPT Competitor Boosts AI-Related Crypto Tokens

Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.

By Aoyon AshrafJul 12, 2023

Opinion

Threads Is Libra and Meta All Over Again

With his Twitter clone’s decentralized architecture, Mark Zuckerberg is yet again borrowing from crypto’s best ideas. Third time’s the charm?

By David Z. MorrisJul 7, 2023

Facebook CEO Mark Zuckerberg testifies about the Libra (Diem) project before the House Financial Services Committee on October 23, 2019. The hearings helped expose just how shallow Facebook's first claims of "decentralization" were. Now, with Threads, they're trying again. (Getty Images)

Videos

Twitter Now Has Daily Limits on Number of Tweets Users Can Read

Elon Musk announced on Twitter that the social media platform is setting up new "temporary limits" on the number of tweets users can read per day. "The Hash" panel discusses how the platform has changed under Musk's leadership and whether daily limits can solve bot problems on the platform.

Jul 3, 2023