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.

Markets

No, Elon Musk’s Shiba Inu Tweet Isn’t Pumping SHIB’s Price

“When markets go risk-on, the meme coins tend to benefit,” said one expert.

By Muyao ShenOct 7, 2021

Videos

Vitalik Buterin Among Time Magazine’s 100 Most Influential People of 2021

Time Magazine has listed Ethereum co-founder Vitalik Buterin in its 100 Most Influential People list for 2021. Tesla CEO Elon Musk and El Salvador President Nayib Bukele have also been recognized.

Sep 16, 2021

Markets

Tesla's Musk Urges Lawmakers Weighing Infrastructure Bill's Tax Provision Not to Pick Crypto 'Winners or Losers'

The car company's CEO responded via Twitter to a thread by Coinbase CEO Brian Armstrong, who has been critical of the tax provision and a late amendment to it.

By James RubinAug 7, 2021

Videos

How Elon Musk Maintains His Cult of Personality

A script reportedly given to every driver for Elon Musk's Loop system, which opened in June to transport attendees around the Las Vegas Convention Center (LVCC) using modified Tesla vehicles, reveals insights into how tightly Elon Musk is controlling his cult of personality. "The Hash" squad reacts.

Jul 30, 2021

Markets

Tesla, de Elon Musk, mantiene su posición en Bitcoin de $1.300 millones en el segundo trimestre

En la presentación de sus resultados, la compañía informó que no vendió las participaciones que posee en la criptomoneda.

By Nate DiCamillo, Andrés EnglerJul 27, 2021

Finance

Elon Musk's Tesla Holds Its $1.3B Bitcoin Position in Q2

Tesla isn't selling.

By Nate DiCamilloJul 26, 2021

Markets

Market Wrap: Bitcoin Holds Above $30K as Sentiment Improves

Bitcoin is holding up following a strong bounce from $30,000 support.

By Damanick Dantes, Frances YueJul 22, 2021

Bitcoin 24-hour price chart, CoinDesk 20

Videos

Elon Musk Says SpaceX Holds Bitcoin at B Word Conference

At the B Word conference held Wednesday hosted by the Crypto Council for Innovation, Tesla CEO Elon Musk revealed he owns bitcoin, ether, and dogecoin, while also confirming for the first time that his aerospace company SpaceX holds BTC. "The Hash" panel discusses Musk's potential influence in the broader crypto markets and community.

Jul 22, 2021

Podcasts

Everything You Need to Know About Elon, Jack and Cathie’s Bitcoin Chat

By Nathaniel WhittemoreJul 22, 2021

Markets

Elon Is 'In It for the Profit Motive': An Interview With Google's Neel Mehta

Crypto will become part of the establishment, says bestselling author Neel Mehta. But bubbles, revolutions and a billionaire's tweetstorms come first.

By Helene BraunJul 22, 2021