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Research shows Bitcoin has been an ‘excellent inflation hedge’ during this period
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While there were hopes of Bitcoin reaching $98,000 in November before rolling on to $100,000, reality saw the king coin tumbling below $50,000. The “first miss” of Plan B’s floor model sent shockwaves through the crypto community. Now, many investors might be wondering if buying Bitcoin during COVID-19 was a good idea at all.
But according to one research report, there’s a definitive answer to this question.
In a newly released research report, Arcane Research concluded that Bitcoin has been an “excellent” inflation hedge during the pandemic. The report stated,
“During the same period, gold has had a real return of 8%, while the S&P 500 has returned 33% in real terms. Bitcoin’s unmatched returns during this highly inflationary period
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