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Tesla boss choosing physical assets over cash

Published

4 years ago

on

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.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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