Michael Saylor took to his Twitter account to inform his followers that he believes Bitcoin is the best hedge against inflation while giving statistical reasons. However, most of his fans were against his thought because of BTC’s volatility these past few months. Some even shared Bank of America’s thoughts on BTC as an inflation hedge. #Bitcoin is the best hedge against #Inflation. Since $MSTR announced its first BTC purchase August 11, 2020, bitcoin has appreciated 149%, outperforming Silver (-17%), Gold (-9%) Nasdaq (5%), S&P (18%), CPI (11.2%), M2 (19%), US Homes (28%), & PPI (33%). — Michael Saylor⚡️ (@saylor) May 12, 2022 Michael Saylor’s Perception of BTC as a Hedge Against Inflation Michael Saylor claimed that Bitcoin has increased by 149% after MSTR declared its first Bitcoin acquisition on 11th August 2020, exceeding CPI (11.2%), US Homes (28%), Nasdaq (5%), Silver (-17%), PPI (12%), M2 (19%), Gold (-9%), and S&P (18%). Bitcoin has shown to be an effective inflation hedge in the brief period it has been in existence. It has generated huge profits and is even referred to as ‘digital gold. It dates back to when gold was among the few assets individuals had to defend themselves from fiat currency’s dwindling buying power. Bank of America Claims BTC Hasn’t Been a Hedge Against Inflation in a Long While BoA’s latest analysis on BTC suggests that the currency hasn’t been a hedge against inflation in recent months. Since Jul...
