The cryptocurrency, Bitcoin, is considered to be the best inflation hedge. This is the result of a Bloomberg survey which found that investors protect themselves from fears of rising inflation by using Bitcoin. Bloomberg analyst, John Authers, explained that Bitcoin has reached 99.996 percent deflation over the last 10 years. After calculating the numbers, Authers said that the price of one Bitcoin in 2011 has now only increased by 0.004 percent. Meanwhile, the CPI has jumped 28 percent over the last 10 years. "Bitcoin beat inflation. Bitcoin surged largely because of investor fears of inflation and worked as intended, depending on how one looks at it," said John Authers, as quoted by Bloomberg, Sunday (14/11/2021)

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