Today news
About the same in other media
Hedge or no hedge: investors’ debate over Bitcoin and gold continues
Reading now: 658
As the American economy grapples with labor and supply shortages, the country’s central bank declared that “the risks of higher inflation have moved up.” And once again, the question of cryptocurrencies such as Bitcoin providing investors with a hedge against rising inflation is up for debate.
Speaking at a recent Bloomberg event, Starwood Capital Group’s Chairman Barry Sternlicht espoused cryptocurrencies as a smart hedge for investors in a world that only “prints money.” He also expressed concerns similar to the US Fed about the build-up of inflationary pressure on commodities.
The investor, whose company manages assets worth over $100 billion, also revealed that about 2-3% of his net worth is invested in digital assets, which include the
Read more on ambcrypto.comAbout this in other media
Amid bitcoin bear market, these are the 5 best performing cryptocurrencies over the past week markets.businessinsider.com /2 years ago
Regional CCP Chief Arrested Over Crypto Links as China Hunts Crypto Users cryptonews.com /2 years ago
First Trust files for a US-listed metaverse ETF as the virtual-world gold rush heats up markets.businessinsider.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
