Is the cryptocurrency useful as a protection against inflation?

Bitcoin ATM in Barcelona

The cryptocurrency is programmed so that the number of coins is limited to 21 million.

Dusseldorf Until the appearance of the new corona variant, it was considered the greatest threat to the financial market: rising inflation. How investors can best protect themselves against this is controversial. An increasingly popular tip is Bitcoin – the oldest and most important crypto currency.

This view was apparently last confirmed in mid-November: Bitcoin hit its latest record high on the very day when the US Department of Labor announced that consumer prices had risen as much as they had last 31 years ago.

But can an asset class that has fluctuated between $ 65,000 and $ 30,000 in the past seven months really protect against inflation? To answer these questions, the Handelsblatt spoke to experts and analyzed data.

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