Elon Musk revealed on October 24 that he did not have any shiba inu coins in his possession, but that he had invested in bitcoin, dogecoin, and ether. The tweets of Tesla and SpaceX founder Elon Musk about his race dog Shiba Inu were a catalyst that propelled the digital currency inspired by the dogecoin to become one of the world’s 20 first cryptomonnaies. However, when a Shiba Inu fan asked him how many shibs he owned, Elon Musk replied flatly, “None.”

In another tweet, the billionaire stated that he had purchased bitcoin, dogecoin, and ether, and that “that’s all.” “As I previously stated, do not bet your house on cryptocurrency!” “The true value is in creating products and providing services to your peers, not in seeking only financial gain,” Elon Musk stated. Shiba Inu, which was launched in August 2020 by a person going by the name “Ryoshi,” reached a historic high of 0.00004450 dollars on October 24th. On the 25th of October, the dogecoin-derived cryptocurrency was trading at 0.00003895 $, likely as a result of Tesla’s patron’s comments over the weekend.

Hey @elonmusk How Much $Shib You Are Holding!!💯💎🙌

— Shiba Inu (@ShibaInuHodler) October 24, 2021