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BTCBitcoin$80,436.47
24h
+0.69%
27 Oct, 03:09
Bearish on BTC as inflation hedge
Bearish+0.91%
AI Summary
The author argues that both Bitcoin and gold have failed as inflation hedges this year, underperforming significantly while cash yields 5%, making them poor portfolio choices despite persistent inflation signals.
According to TheStreet, the two worst-performing asset classes globally this year are gold and Bitcoin, with no historical precedent for both simultaneously ranking at the bottom.
Looking again at the same market: oil is above $100, the 10-year yield is at 5%, and S&P futures are still around 7,700.
The evidence of inflation remains unchanged. The two assets specifically bought as inflation hedges suffered the biggest losses this year: Bitcoin at 79,600. Cash sits there yielding 5%, while gold and coins give you nothing—that’s the entire explanation 🌚