What to do about hyperinflation Musk: I choose Bitcoin, Ethereum or Dogecoin

As we all know, Tesla CEO Musk cashed out a large amount of cash when Tesla's stock price was high a few months ago, but did not sell his cryptocurrency holdings.

Today Musk explained on social media why he chose to do so.

Musk asked himself:

Any thoughts on possible inflation in the coming years?

He said Tesla and SpaceX are not alone, and like other companies, they are facing huge inflationary pressure in raw materials and logistics in the near term.

MicroStrategy CEO Michael Saylor then responded to Musk:

US dollar consumer inflation will continue to be near historic highs, and asset inflation will run at twice the rate of consumer inflation. Weaker currencies will collapse, and capital will intensify outflows from cash, debt, and value stocks to scarce assets like bitcoin.

Musk responded that it was entirely predictable that you would come to this conclusion.

And a very serious answer:

As a general principle, for those seeking advice from this thread, in a world of high inflation, owning physical property or stock in a company with a good product is better than holding USD.

I still hold and will not sell my Bitcoin, Ethereum or Dogecoin. FWIW, for what it's worth.