“Most economists didn’t see the high inflation coming, as witnessed by the 1-year ahead consumer inflation expectations,” the Arcane report read, adding:
“With its 73% gain in the highly inflationary 2021, Bitcoin has proven itself to be an excellent inflation hedge.”Bitcoin holdings grew among institutional investment vehicles Loose monetary policies and a sustained fear of higher inflation also prompted mainstream financial houses to launchArcane reported an inflow of 140,000 BTC across spot- and future-based Bitcoin exchange-traded funds and physically backed exchange-traded products this year.That prompted more Bitcoin units to get absorbed into investment vehicles, underscoring a greater institutional demand for the cryptocurrency.
In contrast, gold-backed ETFs witnessed an outflow of $8.8 billion in 2021, according to the World Gold Council’s
ArcaneResearch Why does reports that ArcaneResearch writes about cardano IOHK_Charles & XRP dropping out of top 10 when nothing can be found in their report ?
saxena_puru
A new report by ArcaneResearch notes that Bitcoin’s year-to-date performance came out to be nearly 73%. In comparison, the S&P 500 index surged 28%, and gold dropped by 7% in the same period.
Let's go, xrdoge xrdogeArmy, hold on tight.
People keep saying as it goes higher there will be a big sell off, I feel it’s the opposite. The higher it gets the easier it is for Corps to add to their balance sheet thanks to cryptyflora who thought me the basis in Bitcoin and I’ve been doing superb Follow her
A great leader would cancel the central bank and tell all the citizens and corporations to stack as much Bitcoin It would b the strongest nation on earth All. Thanks to cryptyflora for making my bitcoin dream come through! I have added massively to my holdings Followher
we're so excited xrdoge
🤫 $XRP
Phantasma PhantasmaChain SOUL SmartNFT smartNFTs GameFi
$DIVI going 50x in 2022 👀
MetaPetsCoin we always trending on Coinmarketcap and Audited By Certik :) MetaPets MetaPetsNFT
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What BTC price slump? Bitcoin outperforms stocks and gold for 3rd year in a rowBut concerns remain that the cryptocurrency could fall harder than its traditional rivals in 2022 on the U.S. Federal Reserve’s increasingly hawkish tones.
Source: CryptoPanicCom - 🏆 563. / 51 Read more »