"Bitcoin, Similar to Gold... Will Become an Inflation Hedge"

Son Min

Summary

Adam Back, CEO of Blockstream, stated that Bitcoin could establish itself as an inflation hedge like gold within the next 10 years.
He mentioned that the scarcity of Bitcoin and its asset adoption curve are similar to those of gold in the past.
The increase in the supply of major currencies like the US dollar is expected to accelerate Bitcoin adoption.

There is a claim that Bitcoin (BTC) will become an inflation hedge like gold in the future.

According to Cointelegraph on the 8th (local time), Adam Back, CEO of Blockstream, stated during a discussion at Paris Blockchain Week that "within the next 10 years, Bitcoin could partially take on gold's status as an inflation hedge," and "Bitcoin is scarce like gold. The asset adoption curve is also flowing similarly to the trend gold showed in the past."

He particularly predicted that inflation would accelerate Bitcoin adoption. Back said, "The supply of major currencies like the US dollar has increased by more than 50% over the past five years," and "The increase in currency supply can undermine trust in money, promoting global Bitcoin adoption."

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