Elon Musk and Michael Saylor predict hyperinflation

Both businessmen believe that cryptocurrencies are an excellent way to preserve value in times of falling purchasing power of national currencies.

In his Twitter, the head of MicroStrategy wrote:

The fall in the purchasing power of the dollar will continue to new records. Weak currencies will collapse and capital will flow from equities, cash and debt into Bitcoin.

Elon Musk responded to this tweet, writing that he "understands how Sailor came to this conclusion." Also:

In times of high inflation, it is much better to own physical assets - buy a house or shares of a company that makes a good product. I continue to hold and do not plan to sell Bitcoin, Ethereum and DOGE.

Subscribe to ForkNews on Telegram!