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11.11 - 06:57
Elon Musk warns of 'strong inflationary pressure' as Tesla mulls Bitcoin payments
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The world faces "strong inflationary pressure" in the short term and it may persist, warns the world's richest man.
In a debate about inflation, some of the best-known names in Bitcoin voiced unanimous doubts about the state of global monetary policy.
As even the United States Federal Reserve admits that inflation may be here to stay, the topic has become especially perrtinent for Bitcoiners given the cryptocurrency's intrinsically deflationary characteristics.
For Musk, who remains cool when it comes to Bitcoin as a "magic pill" for fiat currency's ills, inflation is no less of an issue. With over $250 billion in net assets as of this week, potential exposure to devaluating currencies is more of a potential problem than ever.
"I don’t know
Read more on cointelegraph.comAbout this in other media
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