Elon Musk says he won’t sell crypto holdings amid inflation fears
Revealing his investments in Bitcoin, ether, and dogecoin, Renowned billionaire Elon Musk said that he “won’t sell” his cryptocurrency holdings in a Twitter thread asking a question on the possible rate of inflation over the next few years. Musk reiterated his concerns on inflation in a tweet today, revealing a significant impact on Tesla and SpaceX over the rising prices in raw materials & logistics. Replying to his tweet, MicroStrategy CEO and Bitcoin proponent Micheal 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.”
Agreeing with Saylor’s comments, Musk noted that “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.” He added that he still owns and won’t sell his cryptocurrency holdings.
Both Saylor and Musk are some of the biggest proponents of cryptocurrency, with Tesla holding nearly $2 billion in bitcoin at the end of last year. MicroStrategy, on the other hand, holds over 125,051 bitcoins which is worth approximately $4.9 million at press time. Musk has several times contributed to rallies in the cryptocurrency market, bearish and bullish alike. With the latest tweet, Bitcoin erased its losses for today and was trading at $39,153.33, with a 24-hour price change of 0.86%.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 76.8% | 42 | $61 547.52 | 2.05% | -6.23% | $1 216 355 112 897 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 75.6% | 44 | $2 377.14 | 1.41% | -10.43% | $286 144 526 536 |  |
|
| 3 |  USDT |
Tether predictions | 92.4% | 1 | $0.999827 | 0% | -0.03% | $119 621 314 425 |  |
|
| 4 |  BNB |
Binance Coin predictions | 72% | 51 | $552.57 | 2.29% | -9.08% | $80 637 236 454 |  |
|
| 5 |  SOL |
Solana predictions | 72% | 55 | $141.69 | 4.13% | -9.33% | $66 377 309 590 |  |
|
| 6 |  USDC |
USD Coin predictions | 92.8% | 1 | $1.000075 | 0.01% | 0.03% | $35 554 277 856 |  |
|
| 7 |  XRP |
XRP predictions | 78% | 39 | $0.523869 | 0.75% | -10.99% | $29 632 119 965 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 77.2% | 39 | $0.108274 | 4.50% | -12.89% | $15 832 515 125 |  |
|
| 9 |  TRX |
TRON predictions | 94.8% | 1 | $0.157488 | 2.34% | 1.66% | $13 636 924 478 |  |
|
| 10 |  TON |
Toncoin predictions | 74.8% | 49 | $5.37 | 2.42% | -10.24% | $13 604 227 831 |  |
|
| 11 |  ADA |
Cardano predictions | 75.6% | 42 | $0.353883 | 4.62% | -12.53% | $12 370 494 795 |  |
|
| 12 |  AVAX |
Avalanche predictions | 65.2% | 68 | $25.80 | 6.17% | -14.05% | $10 482 710 259 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 58.4% | 94 | $0.000018 | 10.05% | -14.68% | $10 324 207 135 |  |
|
| 14 |  STETH |
Lido stETH predictions | 91.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 96% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
