TORONTO, Nov.
As of now, central banks have been maintaining liquidity.
Inflation, however, cannot be curbed like quantitative easing by a simple policy maneuver of the central bank.
Another major cryptocurrency, Ether, started 2021 with an under-$1000 price tag and has grown multi-fold to US$4,000 as of now.
Gold, the most preferred haven for ages, was priced at nearly US$1,900 per ounce at the beginning of 2021.
Another popular cryptocurrency, Dogecoin, lost more than half of its value between May and July after posting weeks of bull appreciation.
cryptos as a hedge against inflation’ debate is heavily skewed toward cryptos’ fragile and intermittent bull run, which lacks medium-to-long term predictability.