Crypto vs. physical: Musk-Saylor inflation debate boils down to scarcity

I still own & wont offer my Bitcoin, Ethereum or Doge fwiw.– Elon Musk (@elonmusk) March 14, 2022
As a part of the suggestions, Musk shared his intent to continue hodling BTC, Ether (ETH) an Dogecoin (DOGE) in the middle of rising inflation “for what its worth.” Tesla will make some merch buyable with Doge & see how it goes– Elon Musk (@elonmusk) December 14, 2021
Back in December 2021, Musk validated that EV giant Tesla will start accepting DOGE for product, spiking the meme tokens price by 25%. Related: Dogecoin Foundation registers name and logo designs as trademarked within in the EUIn an effort to enhance the legitimacy of its prospering ecosystem, the Dogecoin Foundation registered “Doge,” “Dogecoin” and its associated logo designs as hallmarks in the European Union.Given an increasing number of bad faith attempts to register trademarks for “Doge”, “Dogecoin” and even the logo designs created for Dogecoin by Christine Ricks by organisations and individuals, we had no option but to register them to secure all excellent shibes in the @Dogecoin neighborhood.
As Cointelegraph reported, Dogecoin executive board member Jens Wiechers mentioned that the move was made to weed out the efforts of unaffiliated people to register the names and use the hallmarks as tools of extortion.Read More

Joining this conversation online, Tesla CEO Elon Musk asked publicly about the probable inflation rate over the next few years to determine the notion of worldwide investors. Sharing his ideas on the matter, American billionaire and MicroStrategy CEO Michael J. Saylor opined that with rising inflation, he expects the capital cash circulation will move away from traditional fiat into scarce possessions such as Bitcoin (BTC). USD consumer inflation will continue near all time highs, and possession inflation will run at double the rate of consumer inflation.
In the last 6 months, significant economies consisting of the United Kingdom, Turkey, Russia and the United States have actually experienced unprecedented inflationary pressure owing to global uncertainties and disruptions sustained by cross-border conflicts and the COVID-19 pandemic. Enhancing Saylors basic proposal for buying limited properties to counter the increasing United States dollar inflation, Musk replied that “It is not totally unforeseeable that you would reach that conclusion.” While the public taken part on the discussion, dismissing Saylors suggestion of utilizing BTC as a hedge versus inflation due to personal financial investments, Musk acknowledged that predominantly limited assets such as physical property and business stocks help financiers keep their acquiring power against high inflations.As a general principle, for those looking for guidance from this thread, it is generally much better to own physical things like a house or stock in companies you believe make excellent items, than dollars when inflation is high.

USD consumer inflation will continue near all time highs, and asset inflation will run at double the rate of customer inflation. Complimenting Saylors basic proposition for investing in scarce properties to counter the increasing United States dollar inflation, Musk replied that “It is not completely unpredictable that you would reach that conclusion.” While the basic public signed up with in on the discussion, dismissing Saylors suggestion of using BTC as a hedge against inflation due to personal financial investments, Musk acknowledged that primarily scarce assets such as physical home and company stocks assist financiers maintain their purchasing power versus high inflations.As a general concept, for those looking for advice from this thread, it is usually better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.

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Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.

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