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?

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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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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.

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