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Elon Musk has publicly expressed his admiration for the cryptocurrency industry and allowed cryptocurrency payments for many of his projects. His top three investments are Dogecoin, Bitcoin, and Ethereum. Musk has called Dogecoin his favorite, stating that he owns a "bag of Dogecoin" and has allowed it to be used for Tesla product payments. Tesla also holds around 778 million US dollars worth of Bitcoin, making it a major player in the market. Musk also revealed that he owns Ethereum, but the amount is unclear.