Golden Finance reported that Jefferies, a world-renowned investment bank, recently issued a report recognizing Bitcoin as a "key hedging tool" and emphasizing that its unique qualities make it a reliable means of resisting inflation, at the same level as gold.

Christopher Wood, head of global equity strategy at Jefferies, warned that the major central banks of the Group of Seven, led by the Federal Reserve, may have difficulty exiting unconventional monetary policies smoothly. He emphasized that failure to exit these monetary policies could lead to a depreciation of the dollar, benefiting Bitcoin holders. “This failure to exit unorthodox monetary policy in a benign manner could ultimately lead to the collapse of the U.S. dollar paper standard, which would be beneficial to both gold bullion owners and Bitcoin owners,” analysts said.