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The rich get richer: Rethinking Bitcoin's power as an inflation hedge

From techcrunch.com

From turkeys to gasoline, clothes to dollar stores, nearly every avenue of human activity has been hit by the specter of inflation. Across the globe, rising inflation rates are disrupting purchasing plans and spending. In the face of this inflationary inferno, consumers and institutions holding devaluing fiat currency have sought out alternatives to hedge against. Bitcoin and many other cryptocurrencies are the current weapons of choice, driving the U.S. Securities and Exchange Commission to embrace crypto as an investable asset class. Bitcoin has witnessed strong year-to-date returns, outshining traditional hedges ... (full story)

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  • Category: Fundamental Analysis