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> it's a hedge against loss of value even in the short term If BTC with such a volatility can be considered an inflation hedge, then anything else can be as we
by hiq 2y ago
> it's a hedge against loss of value even in the short term
If BTC with such a volatility can be considered an inflation hedge, then anything else can be as well. There's no intrinsic guarantee that BTC will keep going up, its protocol only defines the supply and not the demand, hence not its price either.
Actually I'm not convinced that BTC is favored as an inflation hedge instead of even USD-based stablecoins for people with currencies devaluating faster than USD.