{"id":415841,"date":"2022-03-14T10:56:37","date_gmt":"2022-03-14T07:56:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-vs-physical-musk-saylor-inflation-debate-boils-down-to-scarcity\/"},"modified":"2022-03-14T10:56:37","modified_gmt":"2022-03-14T07:56:37","slug":"crypto-vs-physical-musk-saylor-inflation-debate-boils-down-to-scarcity","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-vs-physical-musk-saylor-inflation-debate-boils-down-to-scarcity\/","title":{"rendered":"# Crypto vs. physical: Musk-Saylor inflation debate boils down to scarcity"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3378710de8e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3378710de8e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-vs-physical-musk-saylor-inflation-debate-boils-down-to-scarcity\/#%E2%80%9D_Crypto_vs_physical_Musk-Saylor_inflation_debate_boils_down_to_scarcity_%E2%80%9C\" >&#8221; Crypto vs. physical: Musk-Saylor inflation debate boils down to scarcity &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_vs_physical_Musk-Saylor_inflation_debate_boils_down_to_scarcity_%E2%80%9C\"><\/span>&#8221; Crypto vs. physical: Musk-Saylor inflation debate boils down to scarcity &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-128018ef>As rising inflation threatens to eat up further the purchasing power of the global fiat ecosystem, finding the perfect hedge against a falling economy has become the need of the hour \u2014 especially for the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> public across the world.\u00a0<\/p>\n<p>Joining this discussion online, Tesla CEO Elon Musk <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1503123611988766730?s=20&amp;t=mBg3mSIHShrDF9_YZmLblA\">asked<\/a> publicly about the probable inflation rate over the next few years to gauge the notion of global investors. Sharing his thoughts on the matter, American billionaire and MicroStrategy CEO Michael J. Saylor opined that with rising inflation, he expects the capital cash flow will move away from traditional fiat into scarce assets such as Bitcoin (BTC).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">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, &amp; value stocks to scarce property like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> will intensify.<\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/saylor\/status\/1503216538547019778?ref_src=twsrc%5Etfw\">March 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nIn the last six months, major economies including the United Kingdom, Turkey, Russia and the United States have witnessed unprecedented inflationary pressure owing to global uncertainties and disruptions fueled by cross-border conflicts and the COVID-19 pandemic.\u00a0<\/p>\n<p>Complimenting Saylor\u2019s general proposition for investing in scarce assets to counter the rising U.S. dollar inflation, Musk replied, \u201cIt is not entirely unpredictable that you would reach that conclusion.\u201d<\/p>\n<p>While the general public joined in on the discussion, dismissing Saylor\u2019s suggestion of using BTC as a hedge against inflation due to personal investments, Musk acknowledged that assets that are predominantly scarce \u2014 such as physical property and company stocks \u2014 help investors in maintaining their purchasing power against high inflations.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">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.<\/p>\n<p>I still own &amp; won\u2019t sell my Bitcoin, Ethereum or Doge fwiw.<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1503222294277197829?ref_src=twsrc%5Etfw\">March 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As a part of the advice, Musk shared his intent to continue hodling BTC, Ethereum (ETH), Dogecoin (DOGE) amid rising inflation \u201cfor what it&#8217;s worth.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tesla will make some merch buyable with Doge &amp; see how it goes<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1470703708677840896?ref_src=twsrc%5Etfw\">December 14, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Back in December 2021, Musk confirmed that EV giant Tesla will start accepting DOGE for merchandise, as a result, spiking the meme token\u2019s price by 25%.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/158091e7-6fa6-4fc7-9339-3452d9f13d2a.png\"><figcaption style=\"text-align: center;\"><em>DOGE\/USD 1-hour candle chart (Bittrex) from December 2021. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>However, Musk\u2019s latest tweet in support of cryptocurrencies is yet to have any positive impact on the dwindling prices.\u00a0<\/p>\n<p><strong>Related: <\/strong><strong><em>Dogecoin Foundation registers name and logos as trademarked within in the EU<\/em><\/strong><\/p>\n<p>In an effort to improve the legitimacy of its thriving ecosystem, the Dogecoin Foundation registered \u201cDoge,\u201d \u201cDogecoin\u201d and its associated logos as trademarks in the European Union.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Given an increasing number of bad faith attempts to register trademarks for &#8220;Doge&#8221;, &#8220;Dogecoin&#8221; and even the logos created for Dogecoin by Christine Ricks by people and organisations, we had no option but to register them to protect all good shibes in the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/dogecoin?ref_src=twsrc%5Etfw\">@Dogecoin<\/a> community. 2\/2<\/p>\n<p>\u2014 Dogecoin Foundation (@DogecoinFdn) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DogecoinFdn\/status\/1499092209760673795?ref_src=twsrc%5Etfw\">March 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As Cointelegraph reported, Dogecoin executive board member Jens Wiechers stated that the move was made in an attempt to weed out the attempts of unaffiliated people to register the names and use the trademarks as tools of extortion.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-vs-physical-musk-saylor-inflation-debate-boils-down-to-scarcity\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto vs. physical: Musk-Saylor inflation debate boils down to scarcity &#8220; As rising inflation threatens to eat up further the purchasing power of the global fiat ecosystem, finding the perfect hedge against a falling economy has become the need of the hour \u2014 especially for the general public across the world.\u00a0 Joining this discussion&#8230;<\/p>\n","protected":false},"author":1,"featured_media":415842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvZGM2NGU2OTctODY1YS00ODU5LTliMjAtMWRkZTU2NWRmYzBiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,86883,74891,87885,74355,39394,70551,36402,67874],"class_list":["post-415841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-dogecoin","tag-ethereum","tag-hyperinflation","tag-adoption","tag-elon-musk","tag-inflation","tag-tesla","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/415841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=415841"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/415841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/415842"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=415841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=415841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=415841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}