Elon Musk

Elon Musk is the co-founder and CEO of Tesla.

He’s also the founder, CEO, engineer, and investor in several other companies including SpaceX, The Boring Company, Neuralink, and OpenAI.

Elon Musk’s tweets have been known to disrupt cryptocurrency markets, creating both rallies and huge sell-offs, after he lends public support for or lays criticism against, various projects.

He’s known for supporting DogeCoin (DOGE), and he openly shared his company’s support for bitcoin (BTC) by announcing Tesla would accept bitcoin as a mode of payment to purchase vehicles.

Musk also shares his thoughts on Bitcoin regularly using Twitter, like announcing in 2021 that Tesla bought USD $1.5 billion worth of Bitcoin.

In July of 2022 Musk and Tesla sold over USD $900 million worth of bitcoin (BTC) to maximize Tesla’s cash position, due in part to COVID lockdowns in China.

Tesla did not sell any of its Dogecoin (DOGE) holdings. Tesla still has more than USD $200 million worth of digital assets.

Related Terms

Dogecoin (DOGE)

The most famous meme coin around, an altcoin that was started in 2013 as a joke that’s represented by a Shiba Inu dog

Shiba Inu (SHIB)

Shiba Inu (SHIB) is an ERC-20 token built on Ethereum that’s reported to be 100% run by its community. “The Dogecoin killer” is the second most famous altcoin and meme coin behind Dogecoin, even though it has a faithful army of 500,000 members called the SHIB Army promoting it on social media.

Digital Currency

Digital Currency, also called digital cash, digital money, or virtual currency is any form of currency or money-like asset that’s only available in purely digital or electronic form.

Bitcoin (BTC)

Bitcoin (BTC) is most well known as a digital decentralized cryptocurrency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries, such as payment gateways or banks or routing services. Think of bitcoin as Internet money, that you can send and receive directly, to and from anyone, and you can use it to pay for stuff.

Laser Eyes

The Laser Eyes meme started out as a show of enthusiasm and community bonding during bitcoin’s (BTC) journey up to $100K. Several Bitcoin community members decided to add laser eyes to some friends’ avatars in hopes of fueling the entire crypto community to push bitcoin’s price to a new ATH.