Is Bitcoin an inflation hedge? Cryptocurrency experts weigh in

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 52%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Newsweek spoke to finance academics about whether the world's first cryptocurrency can weather inflation.

The risks of investing in cryptocurrency are well-documented; Bitcoin and to a greater extent the wider crypto market is still seen as a risky play.

"Notwithstanding this potential Black Swan event, the price of Bitcoin has historically been highly volatile, moving rapidly, , with changes in sentiment and regulatory approaches of opinion leaders and nation states, respectively."Joe Raedle/Getty Images "In fact, any comparison to currencies is, in my view, not to be taken seriously, given the vast swings in value .

Among the shocks to the cryptocurrency market was the collapse of the Terra stablecoin. Terra or UST was tied to the value of the U.S. dollar. When hundreds of millions of dollars of UST were sold, it lost its $1 tie, leading to a chain of events that caused the value of both it, and cryptocurrency LUNA , to plummet.

"There are many types of stablecoins, including reserve-backed stablecoins and algorithmic stablecoins. Reserve-backed stablecoins offer one-to-one redemption for one US Dollar. Attendees pose for photos in front of The Miami Bull during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida.Many have speculated that greater widespread adoption and regulation could broaden Bitcoin's appeal.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How on earth is this volatile piece of nothing and waste of energy still sold as some digital gold hedge thing?!

Easy one. In past 12 months, inflation has run 6-8% and Crypto is down over 50%.

No.

中国杂种高官们对外国友人会很好的 除了偷窥偷窃全世界外~哈哈 对有些中国平民可贱了 睡觉用激光烦人,吃饭用激光烦人,坐着站着用激光烦人--它们想什么时候乱用激光就用咯!!!想连续烦多久就多久! 超一流犯贱! 为什么不用激光点击彭丽媛的烂B去? 中国的奇耻大辱 习近平祖宗18代挫骨扬灰

习近平你妈妈尸体千千万万人操, 杂交出你个白痴。。。。。。 继续看不见,年年犯罪,厉害。。。 要处理你爷?不是眼瞎么,找人怎么这么准

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microstrategy CEO Expects Bitcoin to 'Go Into the Millions' Despite Crypto Market Sell-Off – Markets and Prices Bitcoin NewsMicrostrategy’s CEO has predicted that bitcoin is 'going to go into the millions,' noting that the cryptocurrency is the future of money. Why dоesn't anyоne talk abоut it? $doge🚀🚀 Love is from both sides. Not only love, to be able to be together.
Source: BTCTN - 🏆 531. / 51 Read more »