Bitcoin's Debasement Hedge

If monetary and fiscal policy are too profligate, Bitcoin performs. But obviously we saw that it isn't necessarily the best inflation hedge last year. There was no better inflation hedge in the world than Bitcoin or other crypto during COVID when we were all panicked about inflation. When inflation finally showed, if Powell hadn't, you know, strapped up and become a real central banker, he took a sledgehammer to the gonads of inflation,. That was painful. If it's not stagflation, I think Bitcoin will struggle for a while.

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