Elon Musk CONFIRMS Now Is The Time To HODL!!

The crypto market has been trading sideways for months with Bitcoin currently trading at $38,900 and Ethereum trading at $2,550, both significantly lower than their all-time highs. Many people, especially skeptics, have been questioning the market, particularly Bitcoin, as the relationship between inflation and Bitcoin hasn’t quite developed as many predicted. Despite this, Elon Musk took to Twitter to confirm that his belief in cryptocurrency is not wavering. Elon Musk started the conversation off by tweeting the question to his 77.8 Million followers, “what are your thoughts about probable inflation rate over next few years?”, to which 34,000 responses poured in.

One of the responses came from Bitcoin Bull himself, Michael Saylor. Saylor tweeted,

“USD consumer inflation will continue near all time highs, and asset inflation will run at double the rate of consumer inflation. Weaker currencies will collapse, and the flight of capital from cash, debt, & value stocks to scarce property like #bitcoin will intensify.”

Elon’s response to Saylor confirmed that he has diamond hands, and offered general advice for people in the thread. Elon responded,

It is not entirely unpredictable that you would reach that conclusion

Elon continued,

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.

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