Elon Musk: Own physical things against inflation

With inflation in the USA at the highest since 1982, Tesla CEO “Elon Musk” advised his followers on Twitter to own physical things such as stocks and real estates rather than cash.

The one of the most debated billionaires says that it’s better to purchase items such as homes and company stocks to hedge against higher inflation.

For cryptocurrency holdings, Musk told CNBC that he still owns and will not sell his Bitcoin, Ethereum or Doge.

It should be noted that US consumer price index (CPI) rose 7.9% in February (Y/Y), the highest 12-month increase since January 1982.