Why Bitcoin Is the Hedge That Never Was

Bloomberg Quicktake: Now published this video item, entitled “Why Bitcoin Is the Hedge That Never Was” – below is their description.

Advocates of cryptocurrency have long touted Bitcoin as the next generation of currency hedges, predicting that it would replace traditional hedging assets such as gold and Treasury-protected securities. However, despite all the talk, Bitcoin remains unproven in a real-world high inflation scenario. Will the current surge in consumer prices put Bitcoin to the test?

Bloomberg Quicktake: Now YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

NATO Secretary-General: ‘Ukraine Can Win This War’

India Couple Sues Their Son, Demanding a Grandchild

Buffalo Shooting: Harris Condemns ‘Epidemic of Hate’ in US

In This Story: Bitcoin

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

4 Recent Items: Bitcoin

Crypto News: LUNA Collapse, UST, BTC, Bear Market & More!!

Bitcoin will not become an alternative form of money, says former Fed Chair Ben Bernanke

Bitcoin, ethereum are commodities, says CFTC Chair Rostin Behnam

Mining stocks down after China reveals sharp economic slow down | ABC News

In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

1 Recent Items: Inflation

Bitcoin will not become an alternative form of money, says former Fed Chair Ben Bernanke

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.

Posting....