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

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. 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 Meeting of Stockholders on Aug. 5, Elon Musk predicted that an upcoming United States recession would only be “mild to moderate.”Musk on costs: "The trend is down"After recently selling almost all of its $1.5 billion BTC holdings, Tesla is seeing the emergence of exactly the kind of economic landscape in which risk....


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