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Need an inflation hedge? Bitcoin has delivered 99.996% deflation
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economictimes.indiatimes.comBy Vildana Hajric On Wednesday, U.S. inflation data come in much hotter-than-expected. Almost immediately after the number hit the wires, Bitcoin notched a record high. Coincidence? To many, it’s not so much a chance happening as something they’d been predicting for a long time now — that the world’s largest digital asset makes for a great hedge against rising prices in the economy.
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Indians' investments in crypto grew from about $200 million to nearly $40 billion in the past year
View Details »Here’s the gist of the argument: unlike dollars or any other traditional currency, the digital coin is designed to have a limited supply, so it can’t be devalued by a government or a central bank distributing too much of it.
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