Adam Back, CEO of Blockstream, believes Bitcoin might start competing with gold as an inflation hedge, especially as inflation rates are anticipated to reach 10% to 15% over the next decade. He indicates that mounting economic instability will foster greater Bitcoin adoption.
Back also highlighted that the approval of Bitcoin ETFs in the US could enhance its appeal among investors looking for alternatives to traditional assets. As major currencies face increasing inflation, Bitcoin’s scarcity may further solidify its status as a sustainable store of value.
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