Elon Musk says he's invested in bitcoin and wants to 'see it succeed'

Tesla founder Elon Musk is one of the loudest voices in the cryptocurrency world. He frequently uses his massive platform on Twitter to post about various digital assets, and often causes wild swings in their prices, leading some in the space to question his true intentions.

But on Wednesday, Musk aimed to clarify that he's both a crypto investor and supporter. Speaking at an event called The B Word — which aimed to "explain how institutions can embrace Bitcoin" — alongside Twitter (TWTR) and Square (SQ) CEO Jack Dorsey and Ark Invest CEO Cathie Wood, Musk said the only major personal investments he has outside of his companies Tesla (TSLA) and SpaceX are in bitcoin, ethereum and dogecoin. He added that Tesla and SpaceX also own bitcoin.