Inflation concerns have again started to creep into the minds of market participants. It's intriguing that they are now eyeing bitcoin as a way to avoid the risks of weaker purchasing power. But according to some experts, it is better to look somewhere else to catch up with inflation.
The recent debate of Bitcoin VS gold has also challenged and tried to threaten gold’s throne.
Hardcore Bitcoin enthusiasts say cryptocurrencies is the world’s best hedge against inflation. The underlying premise being, unlike U.S. dollars or any other fiat currency, it’s programmed to have a limited supply. Therefore, their purchasing power is bound to rise to catch up with inflation. https://www.kalkinemedia.com/news/cryptocurrency/can-bitcoin-serve-as-an-effective-balm-for-inflation-injuries