• Bitcoin bulls have long claimed the cryptocurrency is an inflation hedge. But recent price swings have challenged that idea

    28 days ago - By Business Insider

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    Bitcoin bulls have long argued that the cryptocurrency is a hedge against inflation, particularly because of its fixed supply.
    But bitcoin tanked this past week after stronger-than-expected inflation data when it theoretically should've gained.
    We spoke to one bitcoin expert who isn't concerned about bitcoin's recent downward movement - and who said it's still undervalued as an inflation hedge.
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    Fears of rising inflation came to a head on Wednesday when key data came in significantly higher than...
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