'Bitcoin will be used by many Latin American countries as legal tender over time, not just El Salvador, but other countries.' cryptocurrency crypto $BTC
Meanwhile, the CEO of cryptocurrency derivatives trading platform Bitmex, Alex Hoeptner, said in October last year thatScaramucci recently doubled down on hisof $100K. He also believes that the crypto could reach $500K a coin in the long run.
In addition, he expects more than a billion wallets to hold bitcoin by the end of 2025, and the number ofWhen it gets there, then I think as a mature asset, we could have a conversation about whether or not it operates as an inflation hedge. Scaramucci has said several times recently that he does not see bitcoin as a hedge against inflation yet.
The idea of whether bitcoin is a good hedge against inflation has been a hot topic among investors and fund managers. In March last year, Bank of America said, “Bitcoin has not been particularly compelling as an inflation hedge.” In June, Goldman Sachs said that bitcoin is an to copper, not gold. The investment bank previously described bitcoin as “the retail inflation hedge.”
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