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Is Bitcoin an inflation hedge? Why BTC hasn’t faired well with peak inflation
has been projected as many things since its inception in 2009. However, the most talked about aspects have been a fungible form of future money and an inflation hedge.
The last Bitcoin (BTC) halving cycle (a block reward halving event that happens approximately every four years) coincided with the raging COVID-19 pandemic, which solidified many people’s belief in the nascent tech as a true hedge against inflation and worldly disorders. One year down the line, however, BTC has lost 75% of its market capitalization and not many would agree with the inflation hedge theory.
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Image and article originally from www.investing.com. Read the original article here.