Can GBTC and Bitcoin ETF be used as a hedge against inflation?

1 answers

• Monisha GowdaFeb 21, 2021 · 4 years ago
  Yes, GBTC and Bitcoin ETF can be used as a hedge against inflation in the cryptocurrency market. As an investor, you can allocate a portion of your portfolio to GBTC or Bitcoin ETF to gain exposure to the potential price appreciation of Bitcoin. Bitcoin has a limited supply and is not subject to the same inflationary pressures as traditional fiat currencies. Therefore, it can act as a store of value and protect your wealth from the effects of inflation. However, it's important to note that investing in cryptocurrencies carries risks, including market volatility and regulatory uncertainties. It's advisable to do thorough research and seek professional advice before investing in GBTC or Bitcoin ETF.
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