Can bitcoin hedge inflation, and other questions to which the answer is no
https://www.ft.com/content/f1ec9df0-091f-4e13-b7b7-cb53df3c9478
“If inflation remains above central banks’ targets, bitcoin’s limited supply may start to attract more attention,” write Mortier and strategist Tristan Perrier:
While bitcoin spectacularly failed to protect investors against galloping inflation in 2021-22, this was a period of dramatic rises in policy and market interest rates that pressured all asset classes. If inflation is high, but not rising, nominal interest rates will also likely stop climbing and may even fall a little. This is a much more favourable environment for an asset whose supply is finite and that has a long duration in essence, as its main attraction is its future potential rather than its current status.
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