AuthorContrarian thoughts on the world markets from Jon K. Hancock Archives
July 2023
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The recent surge in the crypto asset partly seems to have been caused by investors piling in, seeing it as a hedge against inflation. Some appear to have been enticed by the argument that the huge monetary stimulus programmes unleashed by central bank is fuelling inflation which will see the value of money decrease over time, whereas Bitcoin has a fixed limit on the number of coins which can be created.
https://www.advisorpedia.com/cryptocurrency/bitcoin-bounces-near-record-highs-amid-inflation-fears/ |
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