Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-05-12 19:30:56

Bitcoin is the Best Hedge Against Inflation: Michael Saylor

Michael Saylor took to his Twitter account to inform his followers that he believes Bitcoin is the best hedge against inflation while giving statistical reasons. However, most of his fans were against his thought because of BTC’s volatility these past few months. Some even shared Bank of America’s thoughts on BTC as an inflation hedge. #Bitcoin is the best hedge against #Inflation. Since $MSTR announced its first BTC purchase August 11, 2020, bitcoin has appreciated 149%, outperforming Silver (-17%), Gold (-9%) Nasdaq (5%), S&P (18%), CPI (11.2%), M2 (19%), US Homes (28%), & PPI (33%). — Michael Saylor⚡️ (@saylor) May 12, 2022 Michael Saylor’s Perception of BTC as a Hedge Against Inflation Michael Saylor claimed that Bitcoin has increased by 149% after MSTR declared its first Bitcoin acquisition on 11th August 2020, exceeding CPI (11.2%), US Homes (28%), Nasdaq (5%), Silver (-17%), PPI (12%), M2 (19%), Gold (-9%), and S&P (18%). Bitcoin has shown to be an effective inflation hedge in the brief period it has been in existence. It has generated huge profits and is even referred to as ‘digital gold. It dates back to when gold was among the few assets individuals had to defend themselves from fiat currency’s dwindling buying power. Bank of America Claims BTC Hasn’t Been a Hedge Against Inflation in a Long While BoA’s latest analysis on BTC suggests that the currency hasn’t been a hedge against inflation in recent months. Since Jul...

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer