According to PANews, Morningstar analyst Dan Romanoff has suggested that Bitcoin might serve as a more effective inflation hedge compared to gold. Despite gold's traditional role as a safeguard against inflation, Romanoff points out that Bitcoin has shown a significantly higher appreciation in value over the past five years, surpassing inflation rates more substantially than gold. He acknowledges the limited historical data on cryptocurrency performance across various economic cycles but advocates for a modest investment in Bitcoin. Romanoff further notes that it would be reasonable for companies like Amazon to hold a small portion of their cash reserves in Bitcoin.

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