Elon Musk and Cryptocurrency: His Real Impact on the Market

The question often arises: which coin does Elon Musk own? In fact, in 2025-2026, he is not tied to any specific cryptocurrency, but his opinions and public statements have a huge influence on price movements, especially on Bitcoin ( currently trading at $90.25K with a change of +0.31% over the past 24 hours) and Dogecoin ( current price $0.14, change -0.02%).

Why Musk’s words move the cryptocurrency market

One statement from the entrepreneur can trigger fluctuations in coin values of 15-20% within 24 hours. This happens because investors perceive his stance as a market signal. His influence on cryptocurrency is so significant that every serious trader monitors his tweets and public statements.

Historical examples of influence

Dogecoin as his main focus

Musk actively supported Dogecoin, calling it the currency of the future. After his endorsement in 2021, the coin’s value soared sharply, and the number of companies accepting it as payment increased by 40%. Many online and physical stores began accepting DOGE thanks to his recommendations, confirming the cryptocurrency’s viability as a means of payment.

Bitcoin: criticism and consequences

When Musk publicly spoke out about environmental issues related to Bitcoin mining, the digital currency’s price experienced a significant drop. Later, he softened his stance, which led to a recovery in price. This cycle demonstrates a direct cause-and-effect relationship between his opinion and market behavior.

Practical application and integration

Musk’s companies are exploring blockchain technology for supply chain management and secure transactions. Tesla and SpaceX actively integrate these technologies, giving cryptocurrencies additional weight and legitimacy in the business world.

Market influence data

According to 2025 statistics:

• Musk’s tweets correlate with an average price change of 15% in cryptocurrencies within the first 24 hours
• Dogecoin adoption in business has increased by 40% since Musk’s first support
• Every public statement about cryptocurrencies generates waves in the market in real time

What investors should understand

Elon Musk’s influence on cryptocurrency cannot be ignored. Even without direct ownership of a specific coin, his stance shapes market perception and investor behavior.

Key takeaways:

• Celebrity support can create both opportunities and risks for traders
• Cryptocurrency market volatility is often linked to public statements by influential figures
• Investors need to analyze both fundamental factors and the influence of public figures on price dynamics

Understanding these mechanisms is critically important for all participants in the cryptocurrency market — from experienced traders to newcomers entering this rapidly growing sector of financial technology.