HomeMarketsCurrencies & CryptoBitcoin As A Hedge Against Currency Debasement
Bitcoin As A Hedge Against Currency Debasement

"Bitcoin is a hedge against currency debasement: As economies introduce more money into circulation (I.e. Loan forgiveness), bitcoin’s price goes up because the additional money in circulation dilutes the rest of the existing money in circulation. September has historically been a slow month for Bitcoin and has decreased in value each of the last five years. October, historically, shows great promise and resilience - averaging an increase well over 20% since 2015. The potential upside opportunity is enormous," says Ivan Zhang. "Outperformance of both Bitcoin and Ethereum speaks to the longer term promise of digital assets and the growing failure of the legacy Fiat system," adds Mark Connors.

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03 Oct 2022

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