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Ep. 2147 What Is Happening With Bitcoin?

The Tom Woods Show

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Is Bit Coin a Good Hedge Against Inflation?

Bicoin is not a good hedge against inflation on the short term, but it's a great one over the long term. In bitcoin you've experienced a temporary decline in purchasing power of the dollar because someone else is making more money without your permission. Losing ten % or 15% isn't as bad as losing 10%. You'll never get that value back if you think the bickon network is going to recover.

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