Bitcoin (BTC) used to hate inflation. Now it might be the opposite
CoinDesk
Bitcoin is rallying alongside rising inflation signals, prompting analysts to debate whether it has evolved from a risk asset into an inflation hedge.Summary
Bitcoin has recently surged past $80,000, defying traditional market logic where high inflation and interest rates typically dampen demand for non-yielding assets. While some analysts attribute this to a broader risk-on environment driven by equity markets, others argue that institutional inflows into spot ETFs indicate a fundamental shift. Proponents like Paul Tudor Jones view Bitcoin as a superior inflation hedge to gold due to its finite, non-printable supply. However, the market remains cautious, noting that Bitcoin's current correlation with stocks suggests it may still be viewed primarily as a risk asset until it proves its independence during an equity sell-off.
(Source：CoinDesk)