Two experts, Zach Pandl of Grayscale Investments and Eswar Prasad of Cornell, make their cases on whether bitcoin is protected from inflationary pressures, or is more of a speculative investment
Bitcoin is scarce, that much is not in doubt. But whether that makes it a good inflation hedge is debatable. Here, a crypto automated-teller machine in Barcelona.Bitcoin advocates have talked up a number of selling points over the cryptocurrency’s 14-year history. It is anonymous. It lets you make secure transactions without getting a bank involved.
Shares of the chip maker were big holdings of the large-cap growth funds that led gainers over the past 12 months.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
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