Let's Talk About The Bitcoin Inflation Hedge Theory (BTC-USD)
— Perpetuated, Finding something, Calling, Things begin breaking, Observable, Part, Jpm, Likely dried, Tandem — 1 min read
Bitcoin crashed along with the S&P 500 (SP500) and Nasdaq (COMPIND) Bitcoin crashed during a high inflation environment. Bitcoin doesn't need to be a hedge against inflation to continue working and reach its next move higher. But there are two problems with the argument and one problem with the measuring stick, providing either side of the debate with a fallacious conclusion. The problem with measuring - saying Bitcoin isn't a hedge - is cherry-picking stock equities over short time periods versus Bitcoin's performance over the same period. The truth is Bitcoin's purchasing power over many decades is a down-and-the-right slope on the gold standard standard, even when it was the right standard, much of the problem since then. Source