Bitcoin is regarded as a credible hedge against inflation because of its scarcity – a limited supply of 21 million means that higher demand will push prices up. Also because of its accessibility – as an asset, it has value and is accepted by the market – and its durability, as Bitcoin, will continue to attract more demand over time.
government started feverishly adding digital dollars to its economy during the pandemic, diluting its value, but adding to the long-term prospects of Bitcoin,” notes the CEO.