Illustration by Mitchell Preffer for Decrypt

As spring arrives in the northern hemisphere and temperatures warm, so too did crypto markets, with most leading cryptocurrencies up from last Sunday after a stagnant winter. But garnering even more attention? Elon being Elon.

On Monday, Tesla and SpaceX CEO asked his followers for “thoughts about probable inflation rate over next few years” and was inundated with replies—some serious, some just shilling Musk’s favorite memecoin, DOGE—including a tweet from MicroStrategy CEO and Bitcoin HODLing maxi Michael Saylor.

Saylor tweeted, in part: “USD consumer inflation will continue near all time highs, and asset inflation will run at double the rate of consumer inflation.

Musk replied 12 minutes later: “It is not entirely unpredictable that you would reach that conclusion,” adding shortly thereafter: “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. I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw.”


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