Elon Musk: US past peak inflation after Tesla (NASDAQ:TSLA) sells 90% of Bitcoin
With Tesla now having sold 90% of its Bitcoinholdings during the bear market, Elon Musk says the U.S. economy is past peak inflation and predicts that only a mild to moderate recession could be incoming. We sort of have some insight into where prices are headed over time, and the interesting thing that were seeing now is that most of our commodities, most of the things that go into a Tesla not all, more than half the prices are trending down in six months from now, Musk said at Teslas 2022 Annual Meeting of Stockholders.
Coming sooner: ETH devs move up the date for Merge
The long-awaited Merge looks to be ahead of schedule, with Ethereum core developers Tim Beiko and Terence Tsao agreeing on a developer call Thursday to tentatively set the date of the Merge for Sept. 15. The previously estimated date from Beiko was Sept. 19, and suggested that the final preparation work is going smoothly after the final Goerli testnet merge went off without a hitch this week.
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