Bitcoin Finds New Utility: Investor Hedging Reveals Its Real-world Role

Peter Schiff, a prominent figure known for his skepticism of cryptocurrencies, recently highlighted Bitcoin’s potential as a practical tool with its first real-world use case. This came from the strategies employed by Jim Chanos, who used Bitcoin to hedge against potential losses when shorting MicroStrategy shares. This innovative approach led Schiff to recognize that Bitcoin now serves as an alternative financial instrument. 2025 saw Microstrategy’s stock appreciate by 40%, a trend closely mirroring Bitcoin’s price rise, raising concerns about the sustainability of this growth amidst potential price corrections.