Bitcoin’s Inflation Hedge Falters as Prices Fall
Bitcoin has fallen about 36% over the past year and slipped below $70,000, challenging the idea that it acts as an inflation hedge as inflation concerns re-emerge and energy costs rise. The rally in risk assets hasn’t helped BTC, and analysts warn that the fixed-supply thesis is strained by ETFs and derivatives. High-profile commentary—such as Mark Cuban selling much of his stash—highlights dwindling confidence, and roughly $1.5 billion in crypto liquidations in 24 hours underscores renewed volatility around Bitcoin’s store-of-value narrative.
