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Elon Musk: If dollar inflation improves, the actual U.S. dollar price of purchasing cryptocurrency will decline

2025.01.07

Elon Musk: If dollar inflation improves, the actual U.S. dollar price of purchasing cryptocurrency will decline

Elon Musk posted on X, saying, "If U.S. dollar inflation is resolved, all else being equal, the dollar price of buying cryptocurrency would actually go down. What matters is the dollar-to-cryptocurrency ratio." Previously, Garry Tan, founder of Initialized Capital, stated that if Elon Musk's Department of Government Efficiency (DOGE) succeeds, Dogecoin's 2025 price will rise.

2025.01.07 - 10:00:15

Navigating Web3 tides with focused insights

TechFlow news, January 7 — Musk posted on X platform stating, "If U.S. dollar inflation is resolved, ceteris paribus, the dollar price of purchasing cryptocurrency would actually decline. What matters is the ratio between the dollar and cryptocurrencies."

Previously, Garry Tan, founder of Initialized Capital, said that if Musk's Department of Government Efficiency (DOGE) succeeds, Dogecoin's price will rise by 2025.