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

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Elon Musk: US 'past peak inflation' after Tesla sells 90% of Bitcoin
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The U.S. has likely seen peak inflation, says elonmusk, as Tesla stays low on Bitcoin.

) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked.on Aug. 5, Elon Musk predicted that an upcoming United States recession would only be “mild to moderate.”of its $1.5 billion BTC holdings, Tesla is seeing the emergence of exactly the kind of economic landscape in which risk assets thrive.

Commodities, he said, are trending down, providing a hint that inflation has already hit its highest levels. “This could change, obviously, but the trend is down, which suggests that we are past peak inflation.”

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