Bitcoin a 'strong inflation hedge' amid volatile market: Okcoin CEO

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Okcoin CEO Hong Fang argues bitcoin is a 'strong' inflation deterrent despite its recent price volatility.

Regardless of market volatility, Fang remained confident in bitcoin’s ability to protect against the possibility of decreased purchasing power.

"Mid-term to long-term, I think the bull [market] is fighting it, but there's a strong force believing the store of value," the CEO said. In a move that aims to bring crypto investments to the "next level," Fang also discussed Okcoin’s launch of itsmarketplace, which will include uncapped royalty rates for creators and zero trading fees – the first exchange to do so.

"We have been a strong believer in building crypto and bringing crypto to all," Fang noted. "We believe the NFT is a place where we're giving more people a choice, investing in crypto assets of its unique characteristics."

 

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It’s probably a safe haven. Sheesh I better hold tight I wonder if the upcoming updates would enhance growth in our ecosystem. As much as I hold I do have hope and effortlessly participate in Defi. I love the staking pools n farms to enable me earn while I hold

Bitcoin is down more in the last few days alone than Inflation not even taking into account it being 40% down in the last 6 months, how is that a hedge against inflation?

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