Elon Musk talks Bitcoin (BTC USD) again — is a new crypto rally on the horizon?

Elon Musk crypto update 2026: Elon Musk has once again turned attention toward cryptocurrency, reminding the market that his interest in Bitcoin and Dogecoin hasn’t faded.

Elon Musk Bitcoin News: Tesla CEO Sparks Crypto Buzz Again

Known for leading Tesla, SpaceX, X, and xAI, Musk has long been one of the most influential voices in crypto. Tesla revealed in February 2021 that it held 43,200 Bitcoin, though it later sold 75% during the 2022 crypto downturn, as per a report.

Tesla Bitcoin Holdings 2026: How Much BTC USD the Company Owns Now

Even after that move, the company still holds 11,509 coins, keeping it among the largest corporate Bitcoin holders, as per The Street report. SpaceX has also maintained its position, holding 8,285 Bitcoin since 2021.

Why Elon Musk Supports Bitcoin Over Fiat Currency

Musk’s views on cryptocurrency have remained consistent. He has described energy, not fiat currency, as the ultimate store of value, arguing that Bitcoin, which is tied to energy, cannot be faked in the same way government-issued money can, as per The Street report.

In a podcast, he even suggested that traditional money could eventually fade as a concept, with Bitcoin taking its place.

Elon Musk Dogecoin Posts: How His X Posts Impact Crypto Prices

Musk has also continued to embrace Dogecoin, often sharing memes and comments about the cryptocurrency. His posts have historically triggered sharp price movements. In April 2021, for example, a post about sending Dogecoin to the moon led to a 30% surge, as per The Street report.

Elon Musk X Activity: Bitcoin Anime and Dogecoin Signals

More recently, Musk shared an AI-generated video on X featuring his avatar with a Shiba Inu dog, a clear nod to Dogecoin’s branding. He also posted a Bitcoin-themed anime clip on March 30, showing an animated character dancing in front of the Bitcoin logo, as per The Street report.

Despite the attention, the latest post did not have a noticeable impact on Bitcoin’s price.

FAQs

Why is Elon Musk talking about Bitcoin again?
He continues to share his views and posts related to cryptocurrency.

How much Bitcoin does Tesla own now?
Tesla holds 11,509 Bitcoin.