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.

Videos

Elon Musk Wants Twitter Payments System to Integrate Crypto: FT

Twitter is designing a system to permit payments through the social media platform, and although billionaire owner Elon Musk wants it "first and foremost" to be for fiat currencies, he wants the ability to add cryptocurrencies later, the Financial Times reported Monday. Dogecoin (DOGE) spiked to its 24-hour high after the news broke. "The Hash" panel discusses Musk's continued crypto advocacy and outlook for Twitter.

Jan 31, 2023

Videos

BlockFi’s Mining Assets May Head to Market; Musk Wants Twitter Payments System To Accommodate Crypto: RPT

Failed crypto lender BlockFi may sell some assets after a bankruptcy judge in New Jersey expressed approval of the plan as part of Chapter 11 bankruptcy proceedings designed to restore funds to creditors. Plus, the Financial Times reports that Elon Musk wants Twitter's payment system to be able to accept cryptocurrencies.

Jan 30, 2023

Finance

Elon Musk Wants Twitter Payments System to Accommodate Crypto: FT

DOGE spiked on the news.

By Nick BakerJan 30, 2023

Tesla CEO Elon Musk has completed his deal to buy Twitter. (John Shearer/Getty Images)

Opinion

Tech’s Money Woes: Beginning of the End for Web2?

Gloomy forecasts, mass layoffs and antitrust lawsuits have bruised "Big Tech" over the past year. But that doesn't automatically portend the end of Web2. For Web3 to emerge, we have to address key questions about AI and decentralization.

By Michael J. CaseyJan 27, 2023

Opinion

The End of Crypto Twitter as We Know It?

An impending departure of millions of users from Twitter could threaten the platform's diversity of viewpoints and force crypto enthusiasts to fully adopt decentralized Web3 social media.

By Michael J. CaseyDec 23, 2022

Finance

Twitter Adds Crypto, Stock Prices in Search Results

The social media platform said it will refine the user experience and add more tickers in coming weeks.

By Oliver KnightDec 22, 2022

Crypto prices added to Twitter (Twitter)

Podcasts

Elon Bans Journalists, Kills Spaces and Asks if He Should Quit

By Nathaniel WhittemoreDec 20, 2022

Podcasts

Sam Bankman-Fried's Reported Extradition Plans; Twitter Under Elon Musk

By William Foxley, Zack Seward, Jennifer Sanasie, Wendy ODec 19, 2022

Opinion

Elon Musk's Twitter Mistakes Prove Web3's Point

Social media has tended towards monopolization. Are we seeing the advent of a new type of “network effect?”

By Daniel KuhnDec 19, 2022

Videos

Elon Musk's Twitter Poll Asks if He Should Resign as CEO

Elon Musk asked users on Twitter if he should step down as the head of the social media platform, with 57.5% voting in favor of the move. This comes as Ethereum co-founder Vitalik Buterin wrote in a recent tweet that Musk's recent decisions could send the company on a "path to authoritarianism." "The Hash" panel discusses Twitter's latest censorship concerns.

Dec 19, 2022