Tesla CEO Elon Musk: I won’t sell my Bitcoin, Ethereum and Dogecoin

2022-3-14 15:21

The Tesla and SpaceX CEO, however, feels rising inflation makes “physical things” like homes and stocks in companies "with good products" better investment choices.

Elon Musk has said he isn't going to sell his crypto holdings in Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE).

Musk, whose first purchases of Bitcoin coincided with the onset of the 2020-2021 bull market, however, does appear to favour investments in “physical things” amid rising inflation.

The Tesla and SpaceX CEO noted this on Monday, tweeting that real estate or stocks of companies making "good products" could be better than dollars given the high inflation.

US inflation has paced at its fastest rate year-over-year, with February’s data pointing to a 7.9% reading. It’s the highest level at which prices have risen in 40 years, with pandemic-era monetary and fiscal stimulus a key driver that has only been exacerbated by the war in Ukraine.

"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," Musk noted in the Twitter thread.

"I still own  and won't sell my Bitcoin, Ethereum or Doge fwiw," he added.

His comments come as the global markets face significant selling pressure amid sanctions against Russia for invading Ukraine.

Bitcoin slipped alongside in the days after the invasion, while a ban on Russian oil exports pushed oil prices to multi-year highs. Prices of gold, palladium, copper also rose significantly.

Bitcoin is up 1.3% over the past week, currently near $38,200, while Ethereum (ETH) is just under 1% and Dogecoin has declined 5% this past week. 

Meanwhile, European shares are trending higher in early deals amid optimism over talks between Ukraine and Russia. 

Oil is down about 5% after last week’s ban on Russian exports and a major lockdown in China due to a new surge in Covid infections.

The post Tesla CEO Elon Musk: I won’t sell my Bitcoin, Ethereum and Dogecoin appeared first on Coin Journal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

TeslaCoilCoin (TESLA) на Currencies.ru

$ 0.0009294 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0009294 - H: $0.0009294
Капитализация $0 Rank 99999
Доступно / Всего 0 TESLA

tesla ceo ethereum bitcoin dogecoin elon musk

Источник: coinjournal.net

tesla ceo → Результатов: 126


British Watchdog Bans Floki Inu Crypto Ad – Was The Ad ‘Irresponsible?’

Britain’s advertising authority has banned a promotion on the London Underground for Floki Inu, a cryptocurrency named after Tesla CEO Elon Musk’s dog. According to the Advertising Standards Authority, the marketing program was “irresponsible” since it allegedly exploited customers’ lack of information about the potential risks associated with investing in crypto assets. The advertisement, which […]

2022-3-2 16:55


Вице-председатель Berkshire Hathaway Чарльз Мангер: Криптовалюты — это какое-то венерическое заболевание

Партнер Уоррена Баффетта и вице-председатель Berkshire Hathaway Чарльз Мангер вернулся к критике биткоина в ходе пресс-конференции на ежегодном собрании Daily Journal в среду. CEO Tesla Илон Маск объяснил, почему Мангер, несмотря на чрезвычайно успешную карьеру в инвестициях, тоже не всегда бывает прав в своих оценках.

2022-2-17 16:29


ELONMARSRISE: A token that fulfills dream of making humans become a space-faring civilisation

Elon Musk is one of the world-famous entrepreneurs and the founder of many companies. the charismatic co-founder and CEO of electric car maker Tesla and rocket manufacturer SpaceX. Also, Elon Musk is The post ELONMARSRISE: A token that fulfills dream of making humans become a space-faring civilisation appeared first on AMBCrypto.

2022-1-28 17:00


Фото:

Why Elon Musk Says Crypto Skeptic Senator Elizabeth Warren Must Leave Office

One of the Senate’s most prominent crypto skeptics and Tesla/SpaceX CEO Elon Musk are in the middle of a full-scale Twitter spat. Massachusetts Senator Elizabeth Warren called Musk a freeloader for not paying income taxes as she stresses enacting a wealth tax legislation that would require Musk to pay billions in taxes. The world’s richest […]

2021-12-18 19:19


Илон Маск: Никто из моих знакомых не связан с Dogecoin Foundation

CEO Tesla Илон Маск опроверг заявления организации Dogecoin Foundation о причастности к ней руководителя его семейной инвестфирмы Джареда Бирчалла. «Ни Джаред, ни я и никто из тех, с кем я знаком, не имеет ничего общего с этой организацией», — написал Маск в комментарии в Twitter.

2021-10-25 10:00


Илон Маск: Никто из моих знакомых не связан с Dogecoin Foundation

CEO Tesla Илон Маск опроверг заявления организации Dogecoin Foundation о причастности к ней руководителя его семейной инвестфирмы Джареда Бирчалла. Neither Jared, nor me, nor anyone I know has anything to do with this foundation — Elon Musk (@elonmusk) October 24, 2021 Основанная в 2014 году Dogecoin Foundation со временем прекратила существование, пока не возобновила деятельность […]

2021-10-25 08:58


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru