The rising inflation is one of the main factors that are boosting the mass adoption of Bitcoin and digital assets. Check out the latest reports about how BTC is aging more and more popularity.
It’s been revealed that a popular crypto analyst says Bitcoin (BTC) is becoming a better inflation hedge than gold and real estate.
Bitcoin vs gold and real estateDuring a new discussion on Benjamin Cowen’s YouTube channel, the host of InvestAnswers explains that average people are becoming increasingly aware of inflation and that traditional assets can’t always solve the problem.
“What’s the hedge? Three choices: one, you get priced out of the market [because] real estate’s all-cash buyers. Number two, it’s gold, but with 20% purchasing power debasement, gold doesn’t go up 20% per year. You need something that really has much more alpha than that.”
It’s been also revealed that the analyst says that keeping money in the bank is also not working out for wealthy people wishing to preserve their capital.
He also explained the fact that the gap is where Bitcoin‘s narrative as an inflation hedge is prevailing.
“I’m hearing a lot of reports that people that have a lot of money, they’re really looking for that hedge right now. They’re sitting on a third of their net worth in a bank account. They’re losing 2% of value a month. They’ve done the calculations.”
He said:
“So you got $5 million in the bank, you’re losing 2%. They’re like that’s a lot of AirBnB’s. That’s a couple of yacht charters…”
We suggest that you check out the complete details about what he had to say in the original article.
Bitcoin boom and boostFidelity’s important analyst addresses the boom and bust Bitcoin days. Check out the latest reports about the matter below.
Bitcoin boom and bust days
The macro analyst at a $3.3 trillion investment firm says the days of Bitcoin (BTC) skyrocketing over 1,000% and then crashing 80% are over.
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