March 14, 2022
It all started with an open question tweeted by Elon Musk: "What are your thoughts about probable inflation rate over next few years?"
Michael Saylor responded that USD consumer inflation will continue, 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."
In response, Elon Musk tweeted the scoop of the day!
Just after that tweet, Bitcoin, Ether, and Dogecoin got a quick boost!
According to the Bureau of Labor Statistics, inflation in the US hit 7.9%, the highest record since 1982.
Tesla is under pressure from rising inflation.
Ether surged up to 2.3%, and Dogecoin’s 3.8% gain over the past hour.
He sold his last remaining home in December 2021. If we look deeper, everything is related to each other!
This is coming from May 2020!