Elon Musk: I Still Own and Won’t Sell Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE)

Tesla CEO Elon Musk said that he still has cryptocurrencies and will not sell them.

Elon Musk at night “What do you think about the possible inflation rate for the next few years?” MicroStrategy CEO Michael Saylor responded to this tweet. Saylor said, “Consumer inflation will continue close to all-time highs and asset inflation will be twice that of consumer inflation. Weaker currencies will collapse and the flight of capital from cash, debt and value stocks to scarce assets like #Bitcoin will intensify.”

Responding to Saylor’s statements, Tesla CEO said:

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.

Although there was a rise in Dogecoin after these statements of Elon Musk, the popular meme cryptocurrency was subsequently withdrawn.

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