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Strategies & Market Trends : Blockchain and Cryptocurrencies
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From: Harper5/15/2021 5:28:47 PM
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Ok, Bitcoin and cryptos might be a hedge against inflation, but not necessarily. It seems more like expensive art work. It might retain its value, but if inflation affects the overall economy, there might be fewer people willing to buy it. Everything seems to rely on investor sentiment (bitcoin was never originally intended as an investment). It has no intrinsic value so it's hard to declare it an inflation hedge. Sure, there's a limited supply, but without any actual value other than sentiment it cannot be seen technically as an inflation hedge.

Of course, there's an unlimited supply of other cryptos. Anyone can start a crypto.
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