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Published 2 years ago

Elon Musk: US 'past peak inflation' after Tesla sells 90% of Bitcoin By Cointelegraph

Summary by Ground News

Elon Musk predicts U.S. inflation has already peaked. He says six-month commodities pricing for Tesla parts is already getting cheaper. The recovery from an inflationary period with commodities heading downhill provides fertile ground for a recovery in risk assets, including crypto. Tesla divested itself of practically all its BTC exposure last month.

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Elon Musk: US ’past peak inflation’ after Tesla sells 90% of Bitcoin

Tesla has precious little Bitcoin left in its BTC pot as Elon Musk predicts U.S. inflation has peaked.

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Elon Musk: US 'past peak inflation' after Tesla sells 90% of Bitcoin By Cointelegraph

Elon Musk: US 'past peak inflation' after Tesla sells 90% of Bitcoin

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Elon Musk: US 'past peak inflation' after Tesla sells 90% of Bitcoin

Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked. Speaking at Tesla’s 2022 Annual

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Elon Musk: US 'past peak inflation' after Tesla sells 90% of Bitcoin

The firm may be caught short in the event that markets have already bottomed and crypto starts to deliver serious returns again.

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US 'past peak inflation' after Tesla sells 90% of Bitcoin

US ‘past peak inflation’ after Tesla sells 90% of Bitcoin Source link

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Elon Musk: US 'past peak inflation' after Tesla sells 90% of Bitcoin

The firm may be caught short in the event that markets have already bottomed and crypto starts to deliver serious returns again.

Read Full Article

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