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MicroStrategy CEO Says Bitcoin is Outperforming Gold as an Inflation Hedge by a Factor of 50
Summary: MicroStrategy CEO Michael Saylor has said in an interview with CNBC that bitcoin is “outperforming gold as an inflation hedge” by a factor of 50 and believes the flagship cryptocurrency is 50x better than the precious metal. Saylor claimed bitocin has been outperforming gold as an inflation hedge as the price of Bitcoin is up ...
MicroStrategy CEO Michael Saylor has said in an interview with CNBC that bitcoin is “outperforming gold as an inflation hedge” by a factor of 50 and believes the flagship cryptocurrency is 50x better than the precious metal.
Saylor claimed bitocin has been outperforming gold as an inflation hedge as the price of Bitcoin is up over 300% over the last 12 months, while gold is up only 7% over the same period.
He said: “I think in the past 12 months, we have all been waiting for inflation, and I think we are seeing it now. I think investors are seeing that bitcoin is up by 330% and gold is up 7% in that period. So, bitcoin is outperforming gold as an inflation hedge by a factor of 50."
Amy Liu
Tags: Bitcoin,Gold,Inflation Hedge,Michael Saylor,MicroStrategy
Link: MicroStrategy CEO Says Bitcoin is Outperforming Gold as an Inflation Hedge by a Factor of 50 [Copy]
