“We find ourselves in an environment of significantly elevated inflationary pressures, an environment that is also completely new territory for bitcoin and its reaction function, in other words, whether bitcoin is a decent inflation hedge or not remains to be seen,” Marc-Andre Fongern, senior analyst at Fongern Global FX, told CoinDesk in a LinkedIn chat.
Bitcoin Still a Risk-Asset Despite Last Week’s Inflation-Led Rally, TradeFi Experts Say
