- Tesla (NASDAQ:TSLA) CEO Elon Musk tweeted on Monday sharing his concern over the USD’s rising rate of inflation.
- Elon Musk says, “I won’t sell my Bitcoin, Ethereum, and Dogecoin.”
- BTC, ETH, and DOGE prices recorded a slight jump just after Musk’s tweet.
Tesla and SpaceX CEO Elon Musk took to Twitter (NYSE:TWTR) on Monday, March 14, to ask his followers’ thoughts about the probable inflation rate of USD over the next few years. However, despite the rising inflation, he would not sell his Bitcoin (BTC); Ethereum (ETH); or Dogecoin (DOGE) holdings.
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.