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News 2 years ago

Musk: There is strong inflationary pressure in the short term

On October 26th, Tesla CEO Elon Musk endorsed the debate about inflation in a recent statement.

Although Musk did not make a long-term forecast, he said in response to Ark Invest CEO Cathie Wood’s tweet about the decline in US currency circulation that there is “strong inflationary pressure” in the short term. Last week, Twitter CEO Jack Dorsey warned on Twitter that the upcoming hyperinflation would “change everything,” sparking heated discussions.

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