As rising inflation threatens to eat up further the purchasing power of the global fiat ecosystem, finding the perfect hedge against a falling economy has become the need of the hour — especially for the general public across the world.
Joining this discussion online, Tesla CEO Elon Musk деп сурады publicly about the probable inflation rate over the next few years to gauge the notion of global investors. Sharing his thoughts on the matter, American billionaire and MicroStrategy CEO Michael J. Saylor opined that with rising inflation, he expects the capital cash flow will move away from traditional fiat into scarce assets such as Bitcoin (BTC).
АКШ долларынын керектөө инфляциясы бардык убактагы эң жогорку чектерге жакын уланат, ал эми активдердин инфляциясы керектөө инфляциясынын эки эселенген темпинде жүрөт. Алсызыраак валюталар кулап, капиталдын накталай акчадан, карыздан жана баалуу запастардан жетишсиз мүлккө качып кетиши мүмкүн. #bitcoin күчөй берет.
- Майкл Сейлор⚡️ (@saylor) Март 14, 2022
In the last six months, major economies including the United Kingdom, Turkey, Russia and the United States have witnessed unprecedented inflationary pressure owing to global uncertainties and disruptions fueled by cross-border conflicts and the COVID-19 pandemic.
Complimenting Saylor’s general proposition for investing in scarce assets to counter the rising U.S. dollar inflation, Musk replied, “It is not entirely unpredictable that you would reach that conclusion.”
While the general public joined in on the discussion, dismissing Saylor’s suggestion of using BTC as a hedge against inflation due to personal investments, Musk acknowledged that assets that are predominantly scarce — such as physical property and company stocks — help investors in maintaining their purchasing power against high inflations.
Жалпы принцип катары, бул темадан кеңеш издегендер үчүн инфляция жогору болгондо долларга караганда, сиз жакшы продукция жасайт деп ойлогон компанияларда үй же акция сыяктуу физикалык нерселерге ээлик кылуу жакшыраак.
Мен дагы эле өзүмдүн Bitcoin, Ethereum же Doge fwiw-ке ээлик кылам жана сатпайм.
- Elon Musk (@elonmusk) Март 14, 2022
As a part of the advice, Musk shared his intent to continue hodling BTC, Ethereum (ETH), Dogecoin (DOGE) amid rising inflation “for what it’s worth.”
Tesla Doge менен кандайдыр бир товарды сатып алса болот жана анын кандай болорун көрүңүз
- Elon Musk (@elonmusk) December 14, 2021
Back in December 2021, Musk confirmed that EV giant Tesla will start accepting DOGE for merchandise, as a result, spiking the meme token’s price by 25%.
However, Musk’s latest tweet in support of cryptocurrencies is yet to have any positive impact on the dwindling prices.
байланыштуу: Dogecoin Foundation аталышын жана логотиптерин ЕБ ичинде соода маркасы катары каттайт
In an effort to improve the legitimacy of its thriving ecosystem, the Dogecoin Foundation registered “Doge,” “Dogecoin” and its associated logos as trademarks in the European Union.
Given an increasing number of bad faith attempts to register trademarks for “Doge”, “Dogecoin” and even the logos created for Dogecoin by Christine Ricks by people and organisations, we had no option but to register them to protect all good shibes in the @Dogecoin community. 2/2
— Dogecoin Foundation (@DogecoinFdn) Март 2, 2022
As Cointelegraph reported, Dogecoin executive board member Jens Wiechers stated that the move was made in an attempt to weed out the attempts of unaffiliated people to register the names and use the trademarks as tools of extortion.
Source: https://cointelegraph.com/news/crypto-vs-physical-musk-saylor-inflation-debate-boils-down-to-scarcity