Bitcoin yet to prove inflation hedge status, but the time may come soon

7 months ago 48
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For years, the narrative surrounding Bitcoin (BTC) has been one which has portrayed the digital asset as being a hedge against monetary inflation. This is because inflation figures have been on the rise across the board over the last couple of years thanks in large part to governments printing copious amounts of their local fiat assets to counter the financial devastation caused by the COVID-19 pandemic.

To put things into perspective, since the onset of the virus last year, President Biden's stimulus plan has brought Ameri...

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