Elon Musk Says He Will Not Sell His BTC, ETH, and DOGE

The crypto space is going crazy with excitement after Elon Musk just admitted to owning Bitcoin, Ethereum, and DOGE. He also said that he is not planning to sell these.

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

He was responding to something that Michael Saylor said.

USD consumer inflation will continue near all time highs, 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.

— Michael Saylor⚡️ (@saylor) March 14, 2022

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $39,050. ETH and DOGE are also trading in the green and they are expected to go up following Musk’s statement.

Musk is not the only legend who is optimistic about Bitcoin.

It’s been revealed that Apple co-founder Steve Wozniak revealed that he is an early Bitcoin investor, but his purpose was not to become rich with this move.

It’s been just revealed that in a new interview on the Steve-O’s Wild Ride podcast, Wozniak said that he’s not fond of following the price action of an asset, whether it be stocks or crypto.

Surprisingly, he said that he bought BTC out of curiosity.

“Bitcoin, I bought a bunch of Bitcoin at the start to say, ‘How do you play with this new thing? How do you buy something online?’ And I conquered that,” he said.

The optimistic sentiment continues to linger in the crypto space.