Elon Musk made statements on the agenda on Twitter. Talking about inflation and cryptocurrencies, Musk gave Dogecoin a short-term uptrend. Dogecoin, which gained around 10 percent in a few minutes, could not sustain this rise.
He succeeded in being on the agenda with every statement he made. Elon Muskwas on Twitter again in the past few hours. Elon Musk, who makes evaluations on the agenda and gives some ideas about inflation, is the crypto currency that he has been a long-time advocate. dogecoinHe had ‘i pumped (sudden and hard rise) once again. However, this rise was short lived.
USA after the 80’s with the highest inflation struggling. Elon Musk also touched on exactly this point. Explaining what can be done in this process according to his own opinion, Musk said, on cryptocurrency markets also made evaluations. Let’s take a look at Elon Musk’s statements together.
“I will not sell cryptocurrencies”
In his statements on Twitter “As a general principle, in times of high inflation, physical assets rather than dollars.i.e. it is better to own things like house or stock. I own Bitcoin, Ethereum, Dogecoin and I will not sell them.Elon Musk said, “With this statement, he increased the price of Dogecoin by around 10 percent. Cryptocurrency markets have been on the rise recently. walking on a horizontal road When we do not ignore it, we can state that this rise is important for the investor.
Dogecoin’s price chart
Dogecoin price, until the statements made by Elon Musk $0.111 traded at levels. Dogecoin, which started to rise quite sharply with the arrival of the statement, in just a few minutes $0.119 rose to levels. Unfortunately, this rise was not permanent. Dogecoin, as of 11:00 am at the time of this article $0.114 trading levels.
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In his statements on Twitter, Elon Musk also gave some information on SpaceX and Tesla. inflation made evaluations. In the statements made by Musk, SpaceX and Tesla raw materials and logistics It is stated that it is under high inflation pressure.
This content cannot be considered as investment advice.