TL; DR Zerfall
- Elon Musk reaffirms he is HODLing Bitcoin, Ethereum, and Dogecoin. He doesn’t plan to sell anytime.
- He previously noted that it was unwise not to consider investing in Bitcoin.
While responding to Michael Saylor’s Jeffrey on Monday, the chief executive officer at Tesla, Elon Musk, disclosed the cryptocurrencies he still holds Bitcoin, Ethereum, and Dogecoin, adding that he doesn’t have any intention to sell.
“I still own Bitcoin,” says Elon Musk
It’s no news that inflation has been gradually rising across several countries, including the United States. According to Elon Musk, both the electric car company Tesla and SpaceX are beginning to see a significant impact of the recent inflation pressure in raw materials and logistics. He proceeded to ask on Twitter what the inflation rate could be over the next few years.
One of the people who responded was Microstrategy’s CEO Michael Saylor who noted that USD consumer inflation will continue to increase and that more capital is going to flow into scarce properties like Bitcoin.