Data doesn’t show Bitcoin as an inflation hedge at present, according to Chai...

Data doesn’t show Bitcoin as an inflation hedge at present, according to Chai...

However, the lack of statistical correlation between inflation and crypto prices has not deterred many investors from viewing the asset in this way. Data from blockchain analytics firm Chainalysis suggests that Bitcoin (BTC) may not be the hedge against inflation that many seem to believe it is.“Right now, we can't show a statistically significant correlation between inflation in the US and Bitcoin prices, but we know anecdotally that many people invest in Bitcoin as a hedge against inflation,” Chainalysis’ head of research, Kim Grauer, told Cointelegraph on Aug. 31 when asked about her....


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