PANews December 22 news, according to the Washington Post, Morningstar analyst Dan Romanoff stated that although gold is generally considered the most suitable asset for hedging against inflation, Bitcoin may be a more useful inflation hedging tool. Over the past five years, both Bitcoin and gold have appreciated in value exceeding inflation, but Bitcoin's increase has been relatively much larger. Dan Romanoff believes that although there is not much historical data on the performance of cryptocurrencies in different economic cycles, a small investment in Bitcoin can be made. He added, 'If Amazon could keep a small portion of its cash in Bitcoin, it seems quite reasonable.'
