Elon Musk, an American entrepreneur, gave some ideas on how to save and multiply money in these challenging circumstances. According to Musk, investors should focus on real estate and stocks of promising companies.
Elon Musk, the CEO of Tesla and SpaceX, advised his Twitter followers to invest in physical things such as homes or stocks. He is convinced that it is better to invest in traditional assets. The billionaire also added that it was better to own physical things instead of US dollars when inflation was running high. In addition, he pointed out that investing in gold is not overly risky. However, he said, this market has its own challenges, as it is quite peculiar.
Musk also mentioned that he owned Bitcoin, Ethereum, and Doge and had no plans to sell them. Against this backdrop, Bitcoin climbed 1.2% to $39,137. Other cryptocurrencies also posted gains.
