Elon Musk said he would not sell his Bitcoin, Ethereum, and Dogecoins.
Elon’s comments come in response to remarks from an earlier tweet about the “probably inflation rate” in the years ahead.
“What are your thoughts about the probable inflation rate over the next few years?’
he replied to his tweet
“Tesla & SpaceX are seeing significant recent inflation pressure in raw materials & logistics.”
Michael Saylor joined the conversation saying:
“USD consumer inflation will continue near all-time highs, and asset inflation will run at double the rate of consumer inflation. Weaker currencies will collapse, and the flight of capital from cash, debit, & value stocks to scarce property like #bitcoin will intensify.”
Elon Musk replied to Saylor:
“It is not entirely unpredictable that you would reach that conclusion.
As a general principle, it is better for those looking for advice from this thread to own physical things like a home or stock in companies you think make good products than dollars when inflation is high. I still own & won’t sell my Bitcoin, Ethereum, or Doge, FWIW.”
Earlier, Tesla Boss Elon Musk Responded to Charlie Munger’s Bitcoin (BTC) Criticism when Munger criticized Bitcoin and co saying he is ‘proud’ of having not invested in cryptocurrency, saying it should be banned and likens it to ‘venereal disease.
Musk answered Munger told the whole table during a lunch meeting in 2009 the possible ways Tesla would fail.
“I was at lunch with Munger in 2009 where he told the whole table all the ways Tesla would fail,” Musk said.
Elon Musk, Micheal Saylor, and Ex Twitter Jack Dorsey have consistently shown that they deep support the Bitcoin ecosystem and believe in Bitcoin and crypto. Elon always advocates dogecoin; as Elon Musk Confirmed on Feb 17, 2022, Tesla Now Accept Dogecoin As Payment Method.
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