Analyst: It seems reasonable for Amazon to keep a small portion of its cash in BTC
2024-12-22 20:19:24
According to the Washington Post, Morningstar analyst Dan Romanoff said that while gold is generally considered the best hedge against inflation, bitcoin could be a more useful inflation hedge.
Bitcoin and gold have both appreciated more than inflation over the past five years, while bitcoin has risen much more. Dan Romanoff believes that while there is not much historical data on the performance of cryptocurrencies over different economic cycles, a small investment in bitcoin is possible, adding: "It seems reasonable if Amazon can keep a small portion of its cash in bitcoin."