ChainCatcher News, according to The Washington Post, Morningstar analyst Dan Romanoff stated that while gold is generally considered the best asset for hedging against inflation, Bitcoin may be a more useful tool for inflation hedging.
Over the past five years, both Bitcoin and gold have appreciated in value beyond inflation, with Bitcoin's increase being significantly larger. Dan Romanoff believes that although there is not much historical data on cryptocurrency performance across different economic cycles, a small investment in Bitcoin could be reasonable. He added, "If Amazon could keep a small portion of its cash in Bitcoin, that seems quite reasonable."