Bitcoin’s bid as an inflation hedge is facing a major challenge as Russia’s invasion of Ukraine tanked the crypto markets while rival gold solidified its safe haven position. Even before this week,…
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Is bitcoin still a good hedge against inflation? According to OK Coin CEO Hong Fang, the answer is a resounding “yes.” Hong Fang: Bitcoin Can Still Fight Inflation The argument of bitcoin serving as... [[ This is a content summary only. Visit my website for full links, other content, and…
Contrary to popular belief, inflation is not a major driver of Bitcoin price, according to a new report by NYDIG. Instead, the research suggests that a weakening U.S. dollar is a stronger factor pushing up BTC, much like its effect on gold. In a research note released on Friday, Greg…