Tesla CEO Elon Musk told what to invest in to protect themselves from inflation. It is reported by CNBC.

In a tweet, the billionaire stated that “…usually when inflation is high, it’s better to own physical things, like a house, or shares of companies that you think produce quality products, than dollars”.

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But at the same time, he is not going to sell his cryptocurrencies either.. Musk added that he still holds bitcoin, ether and dogecoin and is not going to sell them.

Musk published his advice amid 40-year record inflation in the United States. In February, the consumer price index was 7.9%.

Investors usually protect themselves from inflation by buying physical assets, in particular raw materials, because inflation has a positive effect on their price..

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Also, Musk is known for his commitment to cryptocurrencies.. In particular, he added bitcoin to the balance of his companies.. Musk's comments have already caused sharp changes in the price of digital tokens on several occasions.. This time, after Musk's statement, bitcoin rose in price for a short time, but quickly returned to its previous positions..