Elon on high inflation measures

Volatile markets and high material prices are causing concern for Tesla and SpaceX founder Elon Musk. Musk tweeted a Financial Times piece about how the Russia-Ukraine war is causing global commodity prices to skyrocket.

The US CPI similarly shows significant inflation rates. It was stated on March 10th that the inflation index had risen to 7.9%, the highest level in decades, according to the BLS.

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US consumer inflation will continue at historic highs, while asset inflation doubles. MicroStrategy CEO Michael Saylor quoted Musk's piece. Cash, debt, and value stocks will be displaced by scarce assets such as Bitcoin when weaker currencies fall.

Saylor's "conclusion" isn't shocking, says Musk. Saylor's business does hold over 125,000 BTC, and he is an avid cryptocurrency supporter.

With the current state of affairs, Musk did share his judgment on which assets to own:

With rising inflation, it is generally preferable to keep real assets like a house or stock in companies that you feel generate high-quality items.

The owner of Bitcoin, Ethereum, and Dogecoin has stated he has no intention of selling his holdings.

Using Russian war NFTs collection: Ukraine's deputy minister for digital transformation remarks

To represent particular war situations as non-fungible tokens and broadcast them to the world, the Ukrainian government wants to continue its invasion by the Russian Federation (NFTs). As a result, the government continues to rely on it to support its military.

A flurry of celebrities, sportsmen, businessmen, and other notables joined the NFT industry last year. To help boost its ailing defense, Ukraine's officials are looking into using digital archives.

Ukraine planned to airdrop a portion of the bitcoin donations, which already amount tens of millions of dollars. But it couldn't, so it went with NFT.

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Officials from the Russian Ministry of Digital Transformation have confirmed this to The Guardian. He said the digital assets will work "like a war museum for Russia-Ukraine. We want to interact with the world via NFT."

Claims that the bitcoin money will be used to buy weapons were disproved by the congressman They will be spent on defensive equipment and media activities, he promised.

Wladimir Klitschko's plans to start an NFT collection on behalf of his native Ukraine were announced last week by CryptoPotato.

Before invading Ukraine, Russia undertook a propaganda campaign defending its actions and justifying its need. To prevent misuse of such information, multinational businesses like Facebook and Instagram did the correct thing, says Bornyakov.

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In the end, we got social media and companies to either ban Russia, leave the country, or dramatically change their information policy. He added: Consider that Coinbase deleted 25,000 Russian addresses linked to illicit activities.