Bitcoin’s Potential as Inflation Hedge Gains Traction

A new report from Cointelegraph suggests that Bitcoin could soon challenge gold as an inflation hedge, with Blockstream CEO Adam Back pointing to rising global economic instability and a potential 10-15% average inflation rate over the next decade. Back noted that as major currencies face increased supply due to inflation, people may seek alternative stores of value like Bitcoin, particularly given its scarcity and growing recognition for investment purposes. This trend could lead to Bitcoin’s adoption as a hedge against monetary instability and geopolitical uncertainty, potentially competing with gold in this space.