• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$27,631.00-1.90%
    BITCOIN
    24H : -1.90%
    Volume : $20,371,354,532.00
    Marketcap : $531,430,178,216.00
  • ethereumEthereum(ETH)$1,757.79-2.06%
    ETHEREUM
    24H : -2.06%
    Volume : $10,688,102,181.00
    Marketcap : $210,893,567,859.00
  • binancecoinBNB(BNB)$326.100.620%
    BNB
    24H : 0.620%
    Volume : $528,049,614.00
    Marketcap : $51,239,264,341.00
  • rippleXRP(XRP)$0.4494.07%
    XRP
    24H : 4.07%
    Volume : $1,943,380,115.00
    Marketcap : $22,777,915,178.00
  • cardanoCardano(ADA)$0.362-0.23%
    CARDANO
    24H : -0.23%
    Volume : $313,613,283.00
    Marketcap : $12,657,016,705.00
  • dogecoinDogecoin(DOGE)$0.075-0.13%
    DOGECOIN
    24H : -0.13%
    Volume : $513,608,916.00
    Marketcap : $10,411,630,049.00
  • matic-networkPolygon(MATIC)$1.10-1.60%
    POLYGON
    24H : -1.60%
    Volume : $511,335,151.00
    Marketcap : $9,928,829,365.00
  • solanaSolana(SOL)$20.68-4.66%
    SOLANA
    24H : -4.66%
    Volume : $592,183,594.00
    Marketcap : $7,909,302,850.00
  • polkadotPolkadot(DOT)$6.04-1.82%
    POLKADOT
    24H : -1.82%
    Volume : $191,073,540.00
    Marketcap : $7,316,945,081.00
  • okbOKB(OKB)$42.08-6.24%
    OKB
    24H : -6.24%
    Volume : $40,344,845.00
    Marketcap : $2,516,232,500.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Elon Musk has declared that he will not sell his cryptocurrency investments


March 15, 2022 · By MATheGooner
Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH)

Since the beginning of the year, the majority of cryptocurrencies have been plunging as traders react to geopolitical risks posed by the Russia-Ukraine conflict and the threat of financial tightening in the United States. 

Bitcoin has dropped more than 15%, and other major cryptocurrencies have dropped even more, as bullish investors fear rising interest rates and a slowing of pandemic-era stimulus measures. 

Elon Musk, the Tesla billionaire who shocked the crypto world last year by adding $1.5 billion in bitcoin to Tesla’s balance sheet, has now stated that he still owns and “won’t sell” his bitcoin, ethereum, and dogecoin, warning others not to keep dollars when inflation is high.

Elon Musk has become a household name among cryptocurrency enthusiasts. The CEO of Tesla and SpaceX, has nearly 80 million Twitter followers and has been shaking up the crypto world with his witty tweets. 

When inflation is strong, it is often better to hold real assets like a home or stock in companies you think manufacture good products, rather than dollars, Musk remarked through Twitter in a conversation with bitcoin bull Michael Saylor. “I still own and won’t sell my bitcoin, ethereum or doge,” He added.

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.

— Elon Musk (@elonmusk) March 14, 2022

As with Musk’s previous cryptocurrency tweets, the series of tweets failed to boost the bitcoin price. The price of dogecoin temporarily surged before falling again, resuming a downward trend in which it has lost more than 80% of its value after a Musk and influencer-fueled rise propelled it to over 70 cents per doge about a year ago.

Musk was responding to Saylor, the CEO of business intelligence software company MicroStrategy, who predicted that “consumer inflation will continue near all-time highs, and asset inflation will run at double the rate of consumer inflation” over the next few years, adding that “weaker currencies will collapse, and the flight of capital from cash, debt, annuities, and other assets will run at double the rate of consumer inflation.” 

Musk has stated that he owns bitcoin, ethereum, and dogecoin, however it is unknown how much or when he purchased the cryptocurrencies.

Primary Sidebar

LATEST NEWS

Terraform Labs co-founder Do Kwon wanted by Interpol arrested in Montenegro

March 23, 2023

SEC sues Tron’s Justin Sun and celebrities for illegally promoting crypto securities

March 22, 2023

Texas house introduces bill supporting Bitcoin economy in the state

March 21, 2023

Belgium cryptocurrency ads must highlight risks under new regulations

March 20, 2023

Crypto Entrepreneur Justin Sun proposes to acquire Credit Suisse for $1.5 billion

March 19, 2023

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • Arbitrum Airdrop Frenzy: Super Hunters Consolidate Millions in Tokens March 24, 2023
  • Terraform Labs co-founder Do Kwon wanted by Interpol arrested in Montenegro March 23, 2023
  • SEC sues Tron’s Justin Sun and celebrities for illegally promoting crypto securities March 22, 2023

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) USD Coin (USDC) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in