Bitcoin Could Work as a Hedge Against Inflation — Market Talk

Over time, bitcoin has proven to be a better hedge against inflation than many other asset classes, even gold, says the Bitcoin Treasury Corporation's Elliot Johnson in a note. "It remains the best-performing asset over five years, up more than 1,000%," the CEO says. Gold has returned 92.5% over the same period, while the U.S. dollar has lost more than 20% of its value over the last five years due to inflation, he says. Bitcoin is rising 0.9% to last trade at $109,710. ([email protected])