Can cryptocurrencies like Bitcoin act as a hedge against inflation?

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1 Answer 5
James Miller

Answered 10 hours ago

Yes, cryptocurrencies like Bitcoin are often viewed as a potential hedge against inflation. Unlike traditional fiat currencies, Bitcoin has a fixed supply of 21 million coins, which many believe protects its value over time. As inflation erodes purchasing power, some investors turn to Bitcoin for its decentralized and scarcity-driven nature. While market volatility exists, Bitcoin’s growing acceptance and limited supply have positioned it as a digital alternative that may preserve value during periods of rising inflation and economic uncertainty.

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