Can Bitcoin protect you from inflation? Here is what Swan Bitcoin's managing director Steven Lubka has to say about it.
) has failed in countering this year's rampant global inflation, it should still be considered as an inflation hedge, says Steven Lubka, the managing director of private consumers at Swan Bitcoin.
According to Lubka, Bitcoin works well as a hedge against rising prices when inflation is caused by monetary expansion. It is less effective when inflation is caused by the disruption of the food supply and energy, which he sees as the leading cause of this year's rampant inflation. "In a world where the price of goods is going up because there's been a radical loss of abundance, Bitcoin isn't going to protect investors from that," Lubka said.
He also points out that Bitcoin is a better hedge against inflation than stocks or real estate since it doesn't need maintenance, nor is it affected by the risk involved in stock-picking. "Bitcoin has none of those risks that I just identified as stocks or housing have. It's a pure store of value," he explained.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zelensky calls out Russians staying hushed on war in Ukraine'The refusal to really fight against evil becomes a help to it,' he said.
Read more »
Bitcoin (BTC) Price Analysis for August 14$BTC price analysis: the more likely scenario is a test of the mirror level at $25,400 by the end of the current month BTC Bitcoin BTCprice
Read more »
Inflation Reduction Act could fund an environmental justice hub in northeast Houston, Rep. Jackson Lee saidU.S. Rep. Sheila Jackson Lee wants environmental justice funds in the Inflation Reduction...
Read more »
Over 300,000 BTC Now Owned by Bitcoin Buyers Who Bought at Recent Lows: Glassnode ReportBitcoin buyers who stepped in at the lows now own over 300,000 BTC Crypto
Read more »
Walmart earnings boosted by more higher income customersAbout 75% of Walmart's market share in food and grocery in Q2 came from shoppers with $100k or more in annual household income, as high inflation reshapes consumer behavior.
Read more »
Bitcoin price hits multi-day low as data warns of 'overbought' stocksBTC price performance reverses from highs as Bitcoin faces resistance on U.S. equities.
Read more »