As rising inflation threatens to eat up further the purchasing power<\/a> of the global fiat ecosystem, finding the perfect hedge against a falling economy has become the need of the hour \u2014 especially for the general public across the world.\u00a0<\/p>\n Joining this discussion online, Tesla CEO Elon Musk asked<\/a> 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<\/a>).<\/p>\n 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<\/a> will intensify.<\/p>\n \u2014 Michael Saylor⚡️ (@saylor) March 14, 2022<\/a><\/p><\/blockquote>\n In the last six months, major economies including the United Kingdom<\/a>, Turkey<\/a>, Russia<\/a> and the United States<\/a> have witnessed unprecedented inflationary pressure owing to global uncertainties and disruptions fueled by cross-border conflicts and the COVID-19 pandemic.\u00a0<\/p>\n Complimenting Saylor\u2019s general proposition for investing in scarce assets to counter the rising United States dollar inflation, Musk replied that \u201cIt is not entirely unpredictable that you would reach that conclusion.\u201d<\/p>\n While the general public joined in on the discussion, dismissing Saylor\u2019s suggestion of using BTC as a hedge against inflation due to personal investments, Musk acknowledged that predominantly scarce assets such as physical property and company stocks help investors maintain their purchasing power against high inflations.<\/p>\n 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.<\/p>\n I still own & won\u2019t sell my Bitcoin, Ethereum or Doge fwiw.<\/p>\n \u2014 Elon Musk (@elonmusk) March 14, 2022<\/a><\/p><\/blockquote>\n As a part of the advice, Musk shared his intent to continue hodling BTC, Ether (ETH<\/a>) an Dogecoin (DOGE<\/a>) amid rising inflation \u201cfor what it’s worth.\u201d<\/p>\n Tesla will make some merch buyable with Doge & see how it goes<\/p>\n \u2014 Elon Musk (@elonmusk) December 14, 2021<\/a><\/p><\/blockquote>\n Back in December 2021, Musk confirmed that EV giant Tesla will start accepting DOGE for merchandise, spiking the meme token\u2019s price by 25%.<\/p>\n However, Musk\u2019s latest tweet in support of cryptocurrencies has yet to have any positive impact on the dwindling prices.\u00a0<\/p>\n Related: <\/em><\/strong>Dogecoin Foundation registers name and logos as trademarked within in the EU<\/em><\/strong><\/a><\/p>\n In an effort to improve the legitimacy of its thriving ecosystem, the Dogecoin Foundation registered \u201cDoge,\u201d \u201cDogecoin\u201d and its associated logos as trademarks in the European Union.<\/p>\n 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<\/a> community. 2\/2<\/p>\n \u2014 Dogecoin Foundation (@DogecoinFdn) March 2, 2022<\/a><\/p><\/blockquote>\n As Cointelegraph reported, Dogecoin executive board member Jens Wiechers stated that the move was made to weed out the attempts of unaffiliated people to register the names and use the trademarks as tools of extortion.<\/p>\n<\/div>\n\n
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