Elon Musk

Elon Musk tweeted, Bitcoin, Ether and Dogecoin prices got a brief spike on Monday after this

Crypto Technology

On Monday (March 14), Bitcoin, Ether, and Dogecoin surged after Elon Musk tweeted that he holds the digital currencies and has no plans to sell them.

Bitcoin, which had plunged as much as 2.9 percent before to Musk’s post, momentarily recovered before falling again. Ether went up as high as 2.3 percent before reversing some of its gains. Dogecoin gained 3.8% in the last hour, the most of any cryptocurrency tracked by CoinGecko.

As a general rule, for individuals seeking guidance from this thread, it is preferable to hold real assets such as a home or shares in firms you believe provide good goods than dollars when inflation is strong.

Elon Musk, the world’s richest person and the CEO of Tesla Inc., is no stranger to cryptocurrency-related social media posts. Last May, he stated that he had not “and would not” sell any Dogecoin, a token established as a joke in 2013 and for which he has become a proponent. Musk said in October that he owns Bitcoin, Ether, and Dogecoin.