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 DOGE in D.O.G.E.', Says Dogecoin Proponent Elon Musk

The official site even sported a dogecoin logo for a few hours on the day after Trump’s inauguration, giving more credence to rumors of inclusion.

By Shaurya MalwaMar 31, 2025

A Shiba Inu, the breed which inspired Dogecoin. (Payless)

Tech

Elon Musk’s AI Start-Up and Nvidia Join Microsoft, BlackRock, MGX AI Fund

The vehicle, which was created in September of last year, aims to raise $30 billion in funding.

By Helene BraunMar 19, 2025

Abstract image of a futuristic server with light blue and green LED lights. (Getty Images)

Markets

XRP in Focus as Elon Musk’s DOGE Sets Eyes on SEC

Market watchers believe a clampdown on the U.S. Securities and Exchange Commission could turn out bullish for tokens previously targeted by the agency.

By Shaurya MalwaFeb 18, 2025

XRP primed to rise as DOGE spotlights SEC

News Analysis

2 More U.S. Regulatory Dominos May Have Fallen for Crypto: OCC and CFPB

FDIC Acting Chairman Travis Hill said the agency is overhauling its crypto approach, just as U.S. senators examine regulators keeping banks out of crypto.

By Jesse HamiltonFeb 10, 2025

Representative Maxine Waters and Senator Elizabeth Warren protest

Tech

The Protocol: Movement Labs Develops Dev Mainnet

Also: SSV DAO Unveils “SSV 2.0”; Cardano Hard Fork

By Benjamin SchillerJan 29, 2025

Markets

MOVE Jumps 20% on Trump-Linked World Liberty Fi Token Purchase, Musk's DOGE Involvement

"Our papers have never hit the DOGE desk," Rushi Manche, co-founder of Movement Labs, told CoinDesk. "There's a lot of speculation in the rumors."

By Krisztian Sandor, Sam KesslerJan 28, 2025

Donald Trump (Chip Somodevilla/Getty Images)

Tech

Elon Musk Said to Propose Blockchain Use at D.O.G.E. for Efficiency: Bloomberg

Representatives of the Department of Government Efficiency have spoken with leaders of several public blockchains, people familiar with the matter told Bloomberg.

By Helene BraunJan 27, 2025

Tesla, SpaceX and X CEO Elon Musk arrives to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on January 20, 2025 in Washington, DC. (Chip Somodevilla/Getty Images)

Markets

Dogecoin Jumps on Fresh X Payments Speculations After Elon Musk Tweet

DOGE has a history of moving on Musk comments or payments-related developments of his companies.

By Krisztian SandorNov 22, 2024

Videos

Trump Announces Department of Government Efficiency, DOGE Skyrockets

President-elect Donald Trump taps Elon Musk and Vivek Ramaswamy to lead the Department of Government Efficiency to slash wasteful government spending. "CoinDesk Daily" host Christine Lee explores the context, breaks down the reaction and explains what impact DOGE will have in the future.

Nov 13, 2024

Markets

Dogecoin Jumps 10%, Outperforming on Trump Popularity as Bitcoin Nears $70K

Bitcoin's "bullish setup" into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said.

By Krisztian SandorOct 28, 2024