The comment came after Saylor discussed his thoughts on the rising inflation rate over the next couple of years.“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.”
But as for Elon Musk, his statement of not selling his Bitcoin holding is surprising since last year, his companyThis content is not available due to your privacy preferences.Inflation vs. Investment Until last year the highest rise inflation witnessed was 6.8%, but the previous two months broke that record consecutively. The inflation rate rose by 7.5% in January, followed by February, registering 7.9%.was considered a preferable investment as an inflation hedge, it is now passing on the baton to crypto in the eyes of Saylor and Musk.Despite the volatility of the asset, Bitcoin is still considered a store-of-value owing to the same reason as Gold’s appeal – Scarcity and popularity.
Whereas Bitcoin is limited to 21 million BTC, which will never change, and thus its scarcity will never change either.