Tom Lee: “Bitcoin (BTC) is a better inflation hedge than gold”
JH Kim
Summary
- Tom Lee said Bitcoin (BTC) is a more effective inflation hedge than gold.
- He noted that Bitcoin outperformed inflation with a 97% probability, while gold did so only 56% of the time.
- He said crypto winter is ending and highlighted the potential of tokenization, artificial intelligence (AI), and especially Ethereum.
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An analysis has found that Bitcoin (BTC) is a more effective hedge against inflation than gold.
According to virtual asset (cryptocurrency) news outlet Wu Blockchain on the 27th (local time), Tom Lee, chairman of BitMine (BMNR), said, “Bitcoin posted returns that outpaced inflation with a 97% probability, while gold did so only 56% of the time.”
He also commented that “crypto winter is coming to an end,” citing the potential for a market recovery.
He added that tokenization and artificial intelligence (AI) are growing rapidly on Wall Street, and in particular highlighted Ethereum’s potential.
The remarks are interpreted as signaling that Bitcoin’s role as a store of value is strengthening.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.