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Elon Musk explains why Dogecoin is better than BitcoinThe firm, led by Elon Musk, invested $ billion in bitcoin in February , reportedly accumulating around 43, tokens. In the same month. As revealed in his tweets and with confirmation at the conference, Elon Musk revealed he owns three cryptocurrencies: Bitcoin; Ethereum. Elon Musk's space firm SpaceX wrote down the value of bitcoin it held by a total of $ million last year and in , the Wall Street Journal.