Alex Coin 
The CEO of Tesla Elon Musk, Elon Musk, spoke in a Twitter thread about inflation and said what assets to own. He revealed that he does not sell the crypto he owns.
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The CEO of Tesla y SpaceX, Elon Musk, number 1 on the list of billionaires of Forbes, with a fortune of USD $218 billion, he gave for Twitter some advice in the face of rising inflation and, among them, he said he would not sell the cryptocurrencies he owns:Bitcoin, Ethereum a decentralized open-source blockchain with smart contracts functionality. y Dogecoin.
Let’s go by parts, yesterday, at the end of the afternoon, published a tweet in which he asked “What do you think about the likely rate of inflation a general increase in prices and fall in the purchasing value of money. over the next few years?”.
Luego él mismo se respondió: “Tesla and SpaceX are experiencing significant recent inflationary pressure in raw materials and logistics.”
“And we are not alone ” he added in the thread, sharing an article from the Financial Times entitled “Commodity prices soar to highest level since 2008 on Russia supply fears.” The article refers to the economic consequences of the war between Russia and Ukraine.
After that, the CEO of Microstrategy, Michael Saylor le commented :
“USD consumer inflation will continue near record highs, and asset inflation will be double the rate of consumer inflation. Weaker currencies will collapse and capital capital is most commonly defined as the large sum of money you would use to invest. flight from cash, debt and value stocks to scarce properties like #bitcoin will intensify.”
What assets to have, according to Musk
To that, Musk responded:
It’s not entirely unpredictable for you to come to that conclusion.
Billy Markus, the programmer and creator of Dogecoin, who said:
“Name a more iconic duo than Saylor and Bitcoin’s hyperbolic shilling the act of enthusiastically promoting a cryptocurrency or ICO project. (money).”
And again Musk intervenes to give his advice on inflation and, the main thing: to say that he will keep three currencies to his credit:Bitcoin, Ethereum y Dogecoin.
As a general principle, for those seeking advice from this thread, it is generally better to own physical things like a house or stocks in companies you think are good products, than dollars when inflation is high.
I still have and will not sell my Bitcoin, Ethereum or Doge for what it’s worth.
As a general principle, for those looking for advice from this thread, it is generally better 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.
– Elon Musk (@elonmusk) March 14, 2022
It’s worth noting that Musk has over 77 million followers around the world, so anything he says is }, “ley”. It had more than 32 thousand “I like it” and more than 7 thousand retweets only in the latter tweet which he published in the early hours of this morning and where he says he will not sell his crypto.
As we know, Musk has talked many, many times about Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. y Dogecoin en Twitter causing real price increases some of the times it spoke (although more recently it has caused less movement in prices). Interestingly with respect to Ethereum there had not been such an explicit pronouncement as this time.
Unresponsive prices
Currently, six hours after the tweet that occurred around 1 a.m., the price of Bitcoin has only had an increase of 0.54%, that of Ethereum of 1.08% and that of Dogecoin 0.49%, according to reports from CryptoMarkets . Now we have to see the effect later in the day, when more crypto-enthusiasts from the American continent wake up.
Sources: Twitter, Financial Times , Cryptopotato , archivo
Version of DiarioBitcoin
Imagen de Unsplash edited
