📈 Analyst Suggests Amazon to Hold Cash in Bitcoin

Golden Finance reports that Morningstar analyst Dan Romanoff stated that Bitcoin may be a more useful inflation hedge tool, although gold is typically viewed as the preferred asset for hedging against inflation.

Over the past five years, the price appreciation of both Bitcoin and gold has exceeded inflation, but Bitcoin's increase has been relatively larger.

Dan Romanoff suggests that, despite the limited historical data on cryptocurrency performance across different economic cycles, a small investment in Bitcoin is reasonable. He believes that it seems wise for Amazon to keep a small portion of cash in Bitcoin.

📊 Significant Increase in Cryptocurrency Holders

Furthermore, according to data from Santiment, the number of non-empty wallets for the following top four cryptocurrencies has significantly grown over the past two years:

BTC: 54.7 million (+27%)

ETH: 134.9 million (+47%)

USDT: 6.57 million (+66%)

XRP: 5.75 million (+28%)

These figures indicate a continuous increase in the number of cryptocurrency holders, reinforcing market confidence in its prospects.💼