Bitcoin yet to prove inflation hedge status, but the time may come soon By Cointelegraph
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For years, the narrative surrounding (BTC) has been one which has portrayed the digital asset as being a hedge against monetary inflation. Inflation figures have been increasing across the board for the last few years due to the fact that governments have printed copious amounts fiat currency to offset the financial destruction caused by COVID-19.
To put things into perspective, since the onset of the virus last year, President Biden’s stimulus plan has brought America’s total relief-debt tab to $5 trillion. You can also see the enormity of the numbers by taking a closer look at the anti-hedge argument. The Federal Reserve has issued over 40% of the USD currently in existence.
Not set in stone
A closer look at the anti-hedge argument
All about the long-term game
Looking ahead
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