With inflation soaring, Tesla boss Elon Musk has given some personal financial advice to his followers.

In a tweet, Musk says “as a general principle, it’s generally better to own physical things like a home or stock in companies than dollars”

This follows February’s consumer price index soaring by 7.9 percent from a year ago, reaching levels not seen since 1982.

But when it comes to crypto, the digital king isn’t budging, adding “I still own & won’t sell my Bitcoin, Ethereum or Doge”.

These comments saw a brief rise in the value of Bitcoin, before quickly losing these gains.

Bitcoin has been sitting around 19 percent lower in 2022 when compared with the previous twelve months.