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Elon Musk climbs to 4th place among the richest in the world as the price of Bitcoin rises

August 18, 2020

The eccentric millionaire and CEO of Tesla and SpaceX saw his fortune grow after a successful trip for the electric car company. C.With 38.7 million Tesla shares priced at $ 1,860 at the time of writing, Musk’s equity stands at nearly $ 72 billion, allowing him to position himself as the fourth richest man in the world.

This Tesla rally coincided with the rise in the price of Bitcoin, an asset that opened on Monday, rising nearly 4% to hit $ 12,470, its highest price this year.

Musk, who has joked about cryptocurrencies on various occasions, also owns Bitcoin as described by J.K. Rowling via Twitter. Even though he’s one of the richest men in the world He only owns 0.25 bitcoins. At today’s price, it’s roughly $ 3,050 that we could add to the billionaire’s net worth as well.

Dogecoin, the billionaire’s “preferred” currency

Elon Musk climbs to 4th place among the richest in the world as the price of Bitcoin risesElon Musk climbs to 4th place among the richest in the world as the price of Bitcoin rises

Despite all odds, the digital currency that captured the hearts of South Africans / Americans was not Bitcoin and, as he has sarcastically stated several times, Bitcoin his favorite is Dogecoin, the popular meme coin.

Last month he joked on Twitter that “it was inevitable” that the “standard Dogecoin” would encompass the entire world economic system. In replies to that tweet, he said that he “only sells DOGE”.

And this was not the only time that he expressed “his love” for the Shiba Inu digital currency. In April 2019 mentioned specifically on Twitter that Dogecoin was great and that “it could be his favorite cryptocurrency”.

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