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Hedge or no hedge: investors’ debate over Bitcoin and gold continues
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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
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