Musk-Saylor inflation debate boils down to scarcity

Like increase inflationary Threatening to further erode the purchasing power of the global fiat ecosystem, finding the perfect hedge against a falling economy has become an everyday necessity – especially for the general public around the world. .

Join this online discussion, Tesla CEO Elon Musk request publicly about the likely inflation rate in the next few years to gauge the perception of global investors. Sharing his thoughts on the matter, American billionaire and MicroStrategy CEO Michael J. Saylor said that with rising inflation, he expects capital flows to shift from traditional fiat to anhydrous assets. as rare as Bitcoin (BTC).

USD consumer inflation will continue near all-time highs, and asset inflation will double the consumer inflation rate. Weaker currencies will crash and capital flows from cash, debt and valuable stocks to scarce assets like #bitcoin will strengthen.

– Michael Saylor⚡️ (@saylor) March 14, 2022

Over the past six months, major economies include UK, Turkey, Russia and USA has seen unprecedented inflationary pressures due to global uncertainties and disruptions fueled by cross-border conflicts and the COVID-19 pandemic.

When praising Saylor’s general suggestion of investing in scarce assets to combat rising US dollar inflation, Musk replied: “It’s not entirely predictable that you’ll come to that conclusion. “

While the public joined in on the discussion, dismissing Saylor’s suggestion of using BTC as a hedge against inflation driven by personal investments, Musk acknowledged that assets are mostly scarce – such as physical assets and corporate stocks – helping investors maintain their purchasing power against high inflation.

As a general rule, for those looking for advice on this topic, it’s generally better to own physical things like a house or shares in companies that you think make good products. , rather than dollars when inflation is high.

I still own and will not sell my Bitcoin, Ethereum or Doge fwiw.

– Elon Musk (@elonmusk) March 14, 2022

As part of his advice, Musk shared his intention to continue hoarding BTC, Ethereum (ETH), Dogecoin (DOGE) amid rising inflation “for what it’s worth.”

Tesla will make some goods shoppable with Doge and see how it goes

– Elon Musk (@elonmusk) December 14, 2021

Back in December 2021, Musk confirmed that EV giant Tesla would start accepting DOGE for goods, as a result, the price of the meme token increased by 25%.

However, Musk’s latest tweet in favor of the cryptocurrency has yet to have any positive impact on the bearish price.

Related: Dogecoin Foundation registers name and logo as registered trademark in European Union

In an effort to improve the legitimacy of the thriving ecosystem, the Dogecoin Foundation has registered “Doge”, “Dogecoin” and its related logos as trademarks in the European Union.

Due to the increasing number of unscrupulous attempts to trademark “Doge”, “Dogecoin” and even logos created for Dogecoin by Christine Ricks by people and organizations, we have no choice. any other than to register them to protect all the good capes in @Dogecoin community. 2/2

– Dogecoin Foundation (@DogecoinFdn) March 2, 2022

As Cointelegraph reported, Dogecoin executive board member Jens Wiechers stated that the move was made to eliminate attempts to register names and use trademarks by unrelated people to register names and Using trademarks as a tool of blackmail.