Today news
About the same in other media
20.01 - 08:27
Wharton professor Jeremy Siegel says bitcoin has replaced gold as an inflation hedge for millennials
Reading now: 939
Scott Mlyn/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images
Wharton professor Jeremy Siegel believes one asset has stood out as an inflation hedge for many younger folks in the past months: bitcoin.
«Let's face the fact, I think bitcoin as an inflation hedge in the minds of many of the younger investors has replaced gold,» he told CNBC last Friday. «Digital coins are the new gold for the millennials.»
Determining the best inflation hedge has been a point of contention among investors, especially as the price of goods and services continues to soar. Bitcoin and gold, in particular, have been pitted against each other. Bitcoin's supply limit of 21 million coins, with 18.9 million already in existence, has made it attractive as a hedge.
Bitcoin
Read more on markets.businessinsider.comAbout this in other media
Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s cointelegraph.com /2 years ago
The CFO of Robinhood says the company sees no reason to put a 'meaningful' amount of corporate cash into cryptocurrencies markets.businessinsider.com /2 years ago
Goldman Sachs says bitcoin could reach $100,000 finextra.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.
