Is Bitcoin A Reliable Inflation Hedge? Experts Are Divided
Portfolio Pulse from Benzinga Neuro
Experts are divided on whether Bitcoin (CRYPTO: BTC) can serve as a reliable safeguard against inflation. Zach Pandl from Grayscale Investments argues that Bitcoin's scarcity makes it valuable and better suited as an inflation hedge. However, Eswar Prasad from Cornell University disagrees, stating that Bitcoin's value stems solely from its scarcity and its high price volatility and unreliable technology make it a risky bet as an inflation hedge.
October 09, 2023 | 7:01 am
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Bitcoin's role as an inflation hedge is under debate, which could lead to uncertainty and volatility in its price.
The debate on whether Bitcoin can serve as a reliable inflation hedge could lead to uncertainty among investors, potentially causing volatility in its price. While some experts argue that Bitcoin's scarcity makes it a valuable hedge against inflation, others point out its high price volatility and unreliable technology as risks.
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