• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Dogecoin
Nexo

Elon Musk Confirms He Still Holds And Won’t Sell Bitcoin, Ethereum, And Dogecoin

Hououin Kyouma by Hououin Kyouma
2 months ago
in Bitcoin, Dogecoin, Ethereum
0

Tesla CEO Elon Musk has confirmed that he still holds Bitcoin, Ethereum, and Dogecoin, and that he doesn’t plan to sell.

SpaceX CEO Elon Musk Still Owns And Won’t Sell His Bitcoin, Ethereum, And Dogecoin Holdings

Yesterday, the Tesla CEO asked his followers on Twitter about their thoughts on the probable inflation rate over the next few years.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

One of the replies argued that the USD consumer inflation will continue near all-time highs, while asset inflation will be double this amount. The person also said that weaker currencies would collapse and more money would enter into scarce commodities like Bitcoin.

Elon Musk replied with “It is not entirely unpredictable that you would reach that conclusion.” He followed up in a chain tweet giving some general advice to the readers of the thread, saying that it’s better to own physical entities like a house or stock in companies making good products, rather than dollars during times when inflation is high.

As a general principle, for those looking for advice from this thread, 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.

I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw.

— Elon Musk (@elonmusk) March 14, 2022

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Related Reading | Elon Musk Says Tesla To Accept Dogecoin As Payment At Supercharging Stations

Musk also added “I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw.” The Tesla CEO has always shown to be a firm believer in crypto, and has become one of the most popular figures in the space.

Simple tweets from Musk have often proved to be enough to kickstart rallies for coins like Dogecoin. The SpaceX CEO’s affection for the memecoin especially has earned him the title of “DOGE father.”

This tweet too sparked a sharp spike in the price of Dogecoin. The below chart shows the trend in the original memecoin’s price over the past day:

Dogecoin Price Chart

The price of DOGE seems to have shown a sharp spike over the past twenty-four hours | Source: DOGEUSD on TradingView

As you can see in the above graph, the price touched around $0.12 following the sharp uptrend, rising about 10%.

Related Reading | Wanna Chill With The Big Boys? This New York Nightclub Now Accepts Bitcoin & Ethereum

However, since then, the price has dwindled back down. Nonetheless, Dogecoin is still up almost 4% in the last 24 hours.

BTC And ETH Price

At the time of writing, Bitcoin’s price floats around $38.9k, up 1% in the last seven days. Over the past month, the crypto has lost 7% in value.

Here is a chart that shows the trend in the price of BTC over the last five days.

Bitcoin Price Chart

BTC's price looks to have mostly moved sideways in the last few days | Source: BTCUSD on TradingView

As for Ethereum, it’s currently trading around $2.5k, up 2% over the past week. In the last month, the crypto is 10% in the red.

Ethereum Price Chart

Ethereum's price has also consolidated sideways recently | Source: ETHUSD on TradingView
Featured image from Unsplash.com, charts from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Hououin Kyouma

Hououin Kyouma

Loves to write, enthusiastic about cryptocurrency. Currently studying Physics at university.

Related Posts

Microstrategy

MicroStrategy Stock Rallies 10% As CEO Saylor Predicts Bitcoin Will ‘Go Into The Millions’

6 hours ago
CoinCorner's the Bolt Card, promotional image

The UK Goes Lightning: CoinCorner Offers The Bolt Card, Contactless BTC Payments

11 hours ago
Argentina

Argentina NGO Spearheads Mission To Educate High Schoolers About Crypto

1 day ago
Russia

Russia To Legalize Cryptocurrency As Form Of Payment, Minister Says

1 day ago
Bitcoin

Bitcoin Open Interest Nosedives, But All Hope Is Not Lost

2 days ago
USDC Exchange Reserves Start Fall, Dry Powder For Bitcoin?

USDC Exchange Reserves Start Fall, Dry Powder For Bitcoin?

2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.