BlackRock Uses Bitcoin as Inflation Hedge as USD Worries
The search results indicate that BlackRock, a $10 trillion asset manager, has started using Bitcoin as an inflation hedge against the U.S. dollar. This move is seen as a response to concerns about inflation and the potential devaluation of the U.S. dollar. BlackRock's CEO has also stated that the company aims to democratize crypto and believes that Bitcoin can hedge against inflation and currency devaluation. Bitcoin's long-term performance as an inflation hedge has been positive, with a 150x gain over the past decade, although it had losses in 2022 when inflation was high. BlackRock's investment in Bitcoin as an inflation hedge is part of a broader trend of institutional investors seeking alternative assets to protect against inflation and currency risks.