Is Bitcoin The New Digital Gold To Hedge Against The Inflation?
Over many years, speculators, researchers, and others have investigated ways to mitigate the potential risk of inflation, and the solutions are typically a combination of several asset classes (stocks, gold, or income) depending upon the shock and geographic condition. However, in recent years, Bitcoin has attracted a lot of attention and is now viewed as a currency that may be used to protect us against inflation. Bitcoin is the original Cryptocurrency that was founded in 2009. The reason behind the rise of bitcoin is that we can quickly transfer money across borders and it has very low charges as there are no legal entities involved. Bitcoin is restricted to 21 million units , which state that after the final bitcoin is sold there will be no more available for purchase. It was designed to constantly store purchasing power and the government or central bank has no role in reducing it unlike, fiat currencies are unlimited and their purchasing power will diminish wh...
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