Tesla CEO Elon Musk said that he will not sell his Bitcoin (BTC), Ethereum (ETH) and Dogecoins (DOGE) in the face of the increasing inflation rate.
Elon Muskvia Twitter March 14 to his followers on what they think about the possible rate of inflation in the next few years He shared a question.
Migrostrategy CEO responding to Musk’s post Michael Saylor, weak currencies will collapse and capital flight from cash, debt and value stocks to scarce assets such as Bitcoin will intensify. told.
Dollar consumer inflation will continue close to all-time highs and asset inflation will be double that of consumer inflation. Weak currencies will collapse and capital flight from cash, debt and value stocks to scarce properties like Bitcoin will intensify.
Muskon Saylor’s answer this conclusion not so unpredictable expressed. He also gives advice to his followers to avoid inflation. Muskstill Bitcoin, Ethereum and to Dogecoin He said he owns it and won’t sell it.
As a general principle, when inflation is high, it’s often better to own physical things like houses or own stocks of companies that you think are doing well, than to own dollars. I don’t know if it makes any sense, but I still own Bitcoin, Ethereum and Dogecoin and will not sell it.