The reputation of BTC as the "digital gold" is due to its value and role as a reliable inflation hedge tool being key factors. Gold has long held the throne as the best inflation hedge tool, experiencing multiple stages of economic recession and performing exceptionally well.
In contrast, BTC is still young and has only been tested in the inflationary environment caused by the COVID-19 epidemic. However, with its unique algorithm and distributed characteristics, it is still highly regarded as a powerful tool for inflation hedging.
Morgan Stanley researchers pointed out in a recent report that as concerns about hyperinflation continue to grow, institutional participants are increasingly inclined to choose BTC instead of gold as a safe haven asset. This trend is quietly changing the traditional asset allocation pattern and also heralding the potential and opportunities for BTC to emerge in the financial market.
𝗽𝘂𝗽𝗶𝗲𝘀 This Ethereum based token is hailed as the next SHIB, with extraordinary potential and worth paying attention to!