Why Bitcoin Is the Hedge That Never Was

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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?

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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.

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