Bitcoin vs. Gold: Which Will Beat Inflation?
The ongoing debate between Bitcoin and gold as a hedge against inflation continues to captivate investors worldwide. According to Barron's, both assets have their proponents who argue for their effectiveness in preserving wealth during times of economic uncertainty. While gold has been the traditional choice due to its historical stability, Bitcoin's supporters highlight its digital nature and potential for high returns as key advantages over the precious metal.
How Bitcoin Views Are Evolving Among Corporate America's Cash Managers
A recent CNBC CFO Council Survey reveals shifting perceptions about Bitcoin within corporate America. Despite billionaire investor Michael Saylor's efforts to persuade Microsoft to adopt Bitcoin on its balance sheet, many companies remain hesitant. The survey indicates that while fewer CFOs now label Bitcoin as "fraud," it is still largely viewed as a speculative asset rather than a store of value by 78% of respondents.
Bitcoin Investors Are Now Up $67,000 On Average – And This Is Just the Start
Nikolaus Hoffman from Bitcoin Magazine reports that average profits per BTC have reached an all-time high of $67,088, according to Whale Alert data. This figure surpasses the average American salary in 2024, emphasizing how holding onto Bitcoin can significantly enhance one's purchasing power over time compared to fiat currency, which often depreciates.
Fed Can't Hold Bitcoin, No Plans Yet to Change Law, Powell Says
Jerome Powell recently clarified at a Federal Reserve meeting that there are no plans for the Fed to hold or stockpile Bitcoins under current laws, reported by Bitcoinist. His statement came amidst discussions fueled by President Trump's pro-crypto stance and appointments but resulted in immediate market reactions with notable drops across major cryptocurrencies including Ethereum and Solana.
IMF Pressures El Salvador to Stop Pushing Bitcoin
Katarina Hall from Reason highlights El Salvador’s agreement with the IMF involving scaling back its ambitious crypto agenda in exchange for financial support amounting to a $1.4 billion loan package aimed at stabilizing the national economy amid global concerns regarding risks associated with using cryptocurrencies like Bitcoin extensively throughout the country's operations since becoming legal tender alongside the US dollar back in 2021.
Sources:
- Bitcoin Vs. Gold: Which Will Beat Inflation?
- How bitcoin views are evolving among corporate America's cash managers: CNBC CFO Council Survey
- Bitcoin Investors Are Now Up $67,000 On Average – And This Is Just The Start
- Bitcoin Tests $100,000 After Fed Spurs Worst Drop Since September
- Fed Can't Hold Bitcoin, No Plans Yet To Change Law, Powell Says
- IMF Pressures El Salvador To Stop Pushing Bitcoin
