Elon Musk, in the inflation discussion that also in the US is record high, shared his experience in investing in cryptocurrencies. As he explained, in his opinion it is generally better to own e.g. stocks or real estate when inflation is raging. He did not explain, however, whether he owned any stocks of companies – of course, apart from stakes in his companies: Tesla and SpaceX, which constitute the majority of his assets, currently estimated at $ 199 billion.
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The billionaire also stated: “I still own and won’t sell my bitcoins, ethereum and doge. “ In the latter case, it’s about Dogecoin – a cryptocurrency made for a joke that Musk officially endorsed during the pandemic.
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However, it is worth noting that in 2022, cryptocurrencies did not protect against inflation, because all three assets mentioned by Musk have lost since the beginning of the year. Bitcoin from January 1, it is 13 percent. in the red, ethereum fell 27 percent. during this period, and the rate of dogecoin decreased by 32 percent. It should also be remembered that the last cryptocurrency in 2021 gained, among other things, … thanks Elon Musk’s tweets that beat the course.
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