Mark Cuban agrees with Elon Musk’s question about inflation – Press Release | Online Free Press release news distribution


This article was originally published on March 14, 2022.

Billionaire and entrepreneur of the Dallas Mavericks Mark Cuban answer to Tesla chairman Elon Musk’s commented on inflation, saying he found it “ridiculous” to use a single inflation figure as different categories behaved differently.

What happened: Cuban said on Twitter that while speculative assets will see accelerated inflation amid rising demand in a low-interest-rate world, the market will normalize once asset-short traders arrive as uncertainty abates.

The famous shark tank investor also suggested steps the government could take as part of price control efforts.

Cuban made the comments after Musk asked his followers on Twitter about the “likely rate of inflation” over the next few years.

Why it matters: musk said on Sunday that Tesla and SpaceX saw significant inflationary pressures in commodities and logistics.

See also: Elon Musk is bearish on the US Dollar at the moment, saying he still owns and is not selling Dogecoin and these 2 cryptocurrencies

Cuban, a big proponent of Dogecoins like Musk said that in January Bitcoin will never be a hedge against inflation, and he believes Dogecoin is better suited for payments than the Apex cryptocurrency.

The Dallas Mavericks became one of the first units to start accepting Dogecoin for ticket purchases and merchandise in March last year.

photo by TechCrunch on Wikimedia





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